The recently-awarded construction contract for the Liverpool Street Crossrail station was won by Laing O'Rourke as a result of a bid that came in 40 per cent below the original cost estimate.
This is according to Construction Enquirer, which revealed sources close to the scheme said Laing O'Rourke's bid stood below £180 million - a significant saving on the initial £300 million price tag.
As a result of the more affordable bid, the construction company managed to beat joint ventures including Dragados/Sisk, Costain/Skanska and Balfour Beatty/Morgan Sindall/Vinci.
Crossrail has made other savings as a result of the tender process being so competitive, the publication explained, highlighting the costs of Whitechapel and Farringdon stations being slashed from as much as £650 million to £310 million.
On announcing Laing O'Rourke's bid success, Crossrail programme director Andy Mitchell said at the time: "As with the Paddington, Farringdon and Whitechapel contracts, high-quality bids were received for Liverpool Street station. The main construction contract for Tottenham Court Road station will be the next to be awarded in mid-2012."
Posted by Sarah Dudley
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