Skanska The M25 Road Widening Mega-ProjectThe Challenge The M25 is a 117-mile (188 km) highway that encircles Greater London, making it the second largest orbital road in Europe. Skanska was awarded the contract to widen two sections of road to increase the number of lanes and to refurbish the 3/4 mile long Hatfield road tunnel. The contract value was in excess of £1 Billion (over $1.6b) and represented a major step change in UK infrastructure procurement in terms of scale and risk. The contract was fixed cost, lump sum with an immovable end date. The project had to be completed in time for the start of the 2012 London Olympics, with potential costs and liquidated damages of £70m (over $100M) if deadlines were not met. If the end date was missed then the entire project had to

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