Friday, August 27, 2010

Multiplex wins £6m damages over Wembley Stadium

Multiplex has won more than £6m in damages after a row erupted with steel contractor Cleveland Bridge over the construction of Wembley Stadium.
The High Court ordered Cleveland Bridge to pay £6,154,246.79 and 20% of Multiplex’s legal costs, bumping the payout up another £2m.
Multiplex had been seeking £25m plus damages from the £58m it claimed to have paid the firm.
The row erupted after Multiplex claimed Cleveland Bridge breached its contract because of defective works, delays and failing to raise the stadium’s arch in accordance with a heads of agreement.
Cleveland Bridge countered Multiplex was in breach over financial issues and for failing to agree on a new programme for completion after design changes.
It walked off the site in July 2004 and Hollandia was brought in to complete the job.
Court action began in 2004 and the trial to determine how much each company owed each other, started in March.

0 comments:

  © Blogger templates Psi by Ourblogtemplates.com 2008

Back to TOP