Balfour Beatty is in joint venture with Carillion on three projects: the Aberdeen Western Peripheral Route, the A14 in Cambridgeshire and the M60 Junction 8 to M62 Junction 20 scheme.
Balfour Beatty said that it will continue to work with its customers and will meet its contractual commitments.
However, the cash impact to Balfour Beatty 鈥渋s likely to be an outflow in the range of 拢35m to 拢45m in 2018鈥�, the board has revealed.
This will be recorded as an exceptional non-underlying charge in its income statement.
Galliford Try is the third member of the joint venture contracting team on the 拢550m section of the Aberdeen bypass between Balmedie and Tipperty.
The terms of the contract are such that, with the demise of Carillion, the remaining joint venture members, Balfour Beatty and Galliford Try, are obliged to complete the contract.聽 Galliford Try said: 鈥淥ur current estimate of the additional cash contribution outstanding from Carillion to complete the project is 拢60-80 million, of which any shortfall will be funded equally between the joint venture members.鈥�
It added: 鈥淭he companies will discuss the position urgently with the official receiver of Carillion and Transport Scotland [the client], to minimise any impact on the project.鈥�
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