Monday, November 30, 2015

Skanska committed to US strategy despite recent 'turbulence'

Construction Dive: "Skanska’s U.S. construction operations has "hit turbulence," Bloomberg said, as the company posted a $74 million write-down in the third quarter of 2015 due to productivity issues and client design changes to large projects. Problem projects included the Apple "spaceship" campus in Cupertino CA, the Boston Green Line rail extension and the Bayonne Bridge renovation."