Financial Times FT.com

John Laing hit by overrun charge

By Lisa Urquhart

Published: February 26 2005 02:00 | Last updated: February 26 2005 02:00

John Laing has been forced to pay up to £12.7m for delays and cost overruns on its contract to rebuild the Great Eastern Hotel in London.

A High Court judge ruled that the support services group was responsible for the stalled project that was completed in 2000 and awarded damages of £8.9m, a payment of up to a further £3.8m has also been pencilled in to cover additional damages decided by experts.

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