Skanska adjusts the order backlog for project within USA Building by USD 39M, about SEK 330M
Skanska has adjusted the order backlog for the construction of an educational research facility in New York City, USA. The deduction of USD 39M, about SEK 330M, from the order backlog will be reflected in the order bookings for Skanska USA Building in the fourth quarter 2016.
The original contract for this confidential client was announced on October 9, 2015, in the amount of USD 68M, about SEK 570M. The adjusted value for the project is USD 29M, about SEK 240M.
Skanska USA is one of the leading development and construction companies in the country, consisting of four business units: Skanska USA Building, which specializes in building construction; Skanska USA Civil, specialized in civil infrastructure; Skanska Infrastructure Development, which develops public-private partnerships; and Skanska USA Commercial Development, which develops commercial projects in select U.S. markets. Headquartered in New York, Skanska USA has more than 10,000 employees and its 2015 revenues were SEK 54.5 billion.