Bolt Replacement Commenced on London Cheesegrater
Posted on: 23/03/2015

Severfield has incurred almost £1m of costs on account of the bolt replacement that has been carried out on the Leadenhall Building in London, nicknamed the ‘Cheesegrater’.

Since November 2014 three steel bolts have fallen lose from the building, causing strong concern about the design and development safety. Contractor Laing O’Rourke, alongside structural engineering group Arup, launched a joint investigation which revealed a material failure in some of the buildings bolts- advising for replacements to be fitted as a “precautionary measure”.

The original contract was completed by Severfield in 2013, but they were forced to write off £10m due to the unforeseen complexity of the project.

Severfield are now working with British Land, Laing O’Rourke and Arup to ensure that the replacement programme is completed in minimal time and to the highest standards- its expected completion is the end of 2015.

Despite this minor setback, Severfield remain positive and ensure shareholders that their overall trading performance will not differ from management expectations.

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