A court battle is looming between the builders of the city bypass and the taxpayer over a £250 million disagreement over spiralling costs.
Construction group Galliford Try has counted the cost of the Aberdeen bypass in its latest annual results.
Galliford Try has seen annual profits tumble 27% after widened losses in its construction arm just a day after it revealed revived talks to sell its house-building business to Bovis Homes.
Bovis Homes has rekindled talks to buy rival Galliford Try’s housebuilding arm in a deal valuing the division at £1.1 billion.
Transport chiefs have racked up a £600,000 legal bill as they fight a compensation claim over Aberdeen’s new bypass.
The Scottish Government has been urged to give an update on compensation claims being sought by the builders of the new Aberdeen bypass.
One of the contractors seeking more cash for the AWPR said it was ready to pursue its claim through legal channels should talks with the Scottish Government “not reach a satisfactory conclusion”.
Builder Galliford Try has affirmed expectations for the full year, as it completes a restructuring of its construction business.
Problems continue to blight the Wick High School campus with the latest hitch set to put the main games hall out of use for outside lets for part of the summer holidays.
First Minister Nicola Sturgeon has refused to address concerns over the potential of an extra bill worth hundreds of millions of pounds for the AWPR.
The parent company of Morrison Construction plans to shut down part of its business in a restructuring, with Scotland bearing the brunt of 350 likely job losses.
One of the two partners in the consortium building the Aberdeen city bypass expects “practical completion” of the £745 million-plus project in the summer.
The Scottish Government has raised hopes that there will be no further delay to the completion of Aberdeen’s bypass following the collapse of Carillion – and that 260 affected jobs could be saved.
Scottish ministers were last night under pressure to take “decisive action” to ensure Aberdeen’s £745million bypass is not derailed by the collapse of a key contractor.
The Scottish Government is poised to hand over more than £500million to the contractors building the Aberdeen bypass as the work nears completion.
North-east rain and Firth of Forth winds helped erode profits at housebuilder and construction group Galliford Try by 57%, the company has said.
As the dust settles on local authority elections across the region, north and north-east firms are looking for the new councils to quickly start delivering a favourable climate for business.
Work on the Aberdeen city bypass road has blown a giant hole in the balance sheet at construction giant Galliford Try.
The owner of Scottish firm Morrison Construction is bidding to create one of Britain's biggest housebuilding groups with a takeover of Bovis Homes.
The owner of Scottish builder Morrison Construction hailed a strong first half performance in results yesterday.
The boss of the construction company behind a delay-hit £48.5million school and community campus in Wick said yesterday the firm was working closely with the client and partners to “get the job done”.
Scottish builder Morrison Construction is suffering no ill-effects from economic downturn in the north-east due to its focus on public and regulated sector projects, the firm’s boss said yesterday.
Galliford Try, the owner of Scottish company Morrison Construction, said yesterday results for the year to June 30 would reflect another record year.
Morrison Construction boss Ken Gillespie said yesterday the firm could reap benefits from a downturn in the north-east oil and gas industry.
Building giant Galliford Try said its acquisition of Miller Construction had more than doubled the size of its order book to £3billion.
Expanding housebuilding and construction group Galliford Try will build the new Inverness Royal Academy and a primary school in Wick after netting deals worth a total of £50.8million.
Scots building giant Miller Group has sold its construction arm to rival Galliford Try for almost £16.6million.
One of the firms picked to build the long-awaited Aberdeen Western Peripheral Route has told investors it expects to make record profits this year.