Penalty time for Laing
Article Abstract:
The 121 million pounds sterling Millennium Stadium project in Cardiff, Wales, has presented significant difficulties for Laing. Indeed, the company has lost 20 million pounds sterling on the design-and-build scheme. Those considering why this project went so badly wrong will focus their attention on why the company made such severe miscalculations when assessing the risks on its guaranteed maximum price contract with client Millennium Stadium Plc. Laing agreed to a price of 99 million pounds sterling in Mar 1997, when designs were still at a very early stage.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Laing shake-up to rein in 'local barons.' (management structure for Laing's new construction operation)
Article Abstract:
A central management team with extensive supervisory powers will be the focus of the management structure for Laing's new construction operation. The company hopes in this way to ensure that local concentrations of power do not emerge, as was the case with the Millennium Stadium project in Cardiff, Wales, on which losses of 20 million pounds sterling were made. There will also be strict management control in terms of overall cost and risk management to the parent company.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Laing uses direct labour on 114m pounds sterling job
Article Abstract:
Laing is looking to boost the quality of work on the 114 million pounds sterling redevelopment of Cardiff Arms Park rugby stadium, and will therefore begin using mostly directly employed labour soon. This comes at the same time as the UK government takes steps to clamp down on people miscategorising themselves as self-employed. Laing is also planning to set up training schemes in an effort to improve the quality of its work.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Is it time for the catalog to become the webalog? What's ahead for consumer catalogs?
- Abstracts: Prison reformer: the engineer who is sweeping a broom through the Prison Service's construction division. Drying-out process: a low humidity ventilation technique pioneered in Norway is being used in a Scottish sports centre
- Abstracts: Top 25 manufactured home builders in 1995 by total home production (HUD Code). Top 25 manufactured home builders in 1995 by total dollar volume
- Abstracts: Setting your sights on great performances. Act like you own the business
- Abstracts: Election call kills PFI hospital deals. Bouygues bids for 38m pounds sterling PFI hospital. Bidders back off 71m pounds sterling PFI hospital