Lancsville failure delays ￡42m job by 18 months

摘要

The financial demise of Lancsville Construction has left its biggest project one-and-a-half years late and more than 16% over budget.rnPioneer Point, a residential scheme in Ilford, Essex, is now expected to cost more than ￡49m to finish and is scheduled for completion in November 2011, owing to a slowdown in work in the months leading to the ￡131m-turnover contractor's collapse in December. Its original budget was ￡42m.