By Dave Rogers2020-12-23T06:00:00+00:00
Firm forced to book costs of repair work carried out this year in 2019 accounts
Accounting rules have meant Bam has been forced to book the costs of repair work it began over the summer on a problem job in Sheffield into last year’s accounts – which in turn helped send the firm’s 2019 profit nosediving by more than half.
Earlier this year, the firm said the entire concrete frame for the University of Sheffield’s Faculty of Social Sciences building, designed by HLM, would have to be torn down after problems were discovered with the piling in the spring.