But construction profit was £400,000 on turnover of £487m. Chief executive David Calverley said the division had been hit by old, loss-making contracts and delays on finalising new deals. The group also wrote off PFI bid costs of £1m over the period.
Calverley added that the construction division was being restructured, saying: “Frameworks and partnerships is the aim rather than traditional contracting.”
Frameworks and partnerships is the aim rather than traditional contracting
David Calverley, Galliford Try