Builders miss out on £6bn of school projects

first_img Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Builders miss out on £6bn of school projects whatsapp BUILDERS have already lost out on more than £5.7bn worth of work after Britain slashed investment in new schools and Balfour Beatty is most exposed to the cutbacks, Reuters research shows.A survey of the 26 local authorities worst hit by a decision to freeze the last government’s £55bn Building Schools for the Future (BSF) scheme, shows contracts for dozens of schools had already been awarded or were close to being signed with preferred bidders.The scheme was scrapped as the new government seeks to rein in a ballooning deficit, leaving some children stuck in leaky classrooms and disappointing builders and IT firms who had banked on a 20-year programme of investment in schools.Balfour Beatty is most exposed having been among the contractors to win, be shortlisted for or achieve preferred bidder status on projects worth £1.1bn or about one fifth of the £5.7bn total shown in the Reuters survey.Laing O’Rourke had been involved in £903m worth of projects either alone or in partnership with other contractors, followed by FTSE 250 maintenance firm Interserve on £718m. Tuesday 17 August 2010 8:04 pmcenter_img whatsapp KCS-content Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndo Tags: NULL Show Comments ▼last_img read more