Problem Sheffield job eats into Bam profit

By Dave Rogers2020-12-23T06:00:00

Firm forced to book costs of repair work carried out this year in 2019 accounts

Accounting rules have meant Bam has been forced to book the costs of repair work it began over the summer on a problem job in Sheffield into last year’s accounts – which in turn helped send the firm’s 2019 profit nosediving by more than half.

Earlier this year, the firm said the entire concrete frame for the University of Sheffield’s Faculty of Social Sciences building, designed by HLM, would have to be torn down after problems were discovered with the piling in the spring.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community