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Mon April 19 2021

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US client cancels $800m Skanska contract

8 Jun 15 A Skanska client in the USA has cancelled the contract for a US$800m (£523m) facility.

Skanska and its joint venture partner were unable to come to an agreement with the client during negotiations for a revised scope of work on the unnamed project. Accordingly, the client has elected to terminate the contract for its own convenience, said Skanska.

As a result, Skanska USA Building will reduce its order bookings for a total of about US$800m for this quarter.

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