Laing O’Rourke reports a stronger financial performance, with profit doubling and a record order book, but it has also increased provisions for building safety defects again. The article indicates that exceptional items rose to £48m, suggesting ongoing costs linked to remediation and related liabilities.
Ministers have indicated a policy shift in remediation funding for unsafe buildings, with greater emphasis on prioritising buildings by risk rather than by height. The move suggests that some low-rise buildings may become eligible for support where risk justifies intervention.
A school building in Devon constructed by ISG is set to be demolished and rebuilt rather than repaired after structural problems were identified. The issue has affected a Department for Education project, with the defects severe enough to prevent the building from ever being used.
