AMP6 competition puts pressure on prices

摘要

Strong competition from new entrants for work on the water companies' AMP6 programmes is 'leading to significant pressure on prices', Galliford Try has revealed in its annual report. Galliford Try's infrastructure order book amounts to £920M, £349M of which is in the water sector. The group said its joint venture with AECOM Design Build will continue working with Yorkshire Water in the 2015-20 regulatory cycle. The renewed contract is expected to worth at least £110M to Galliford Try over that period, similar to that in AMP5.