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The kind of public-private collaborative project, OPS, that Skanska now defends in the United States was considered the future of the US chief responsible during an interview in 2015.
Now he has to leave the company.
In an interview with Direkt in May 2015, Richard Cavallaro, when the US boss and Di sources, a few years ago, identified as a possible successor to Johan Karlström as CEO, said the major OPS projects had a future in the United States.
"He really hot and we see a huge pipeline of projects, three to five pieces a year that we will review and evaluate. It's something that did not exist a few years ago. The message in the OPS field is therefore that it can be an appropriate and sustainable part of our future activity, "he said.
Today thursday he can leave the company after that Skanska announced a robust third quarter result due to such projects, which will now be rejected – in all cases, in cases where they are of the "mega-design-build" type.
Skanska is planning projects worth SEK 0.9 billion related to the construction phase of two OPS projects underway in the US The amortization of the project was caused by a further increase in costs due to production rates. weaker and delayed, "says the construction giant, which also announces the replacement of Cavallaro by internal costs. the Don Fusco solution.
Both projects The profit warning concerns what Skanska CEO André Löfgren told Di, the only two OPS projects currently implemented by the company in the US, but the construction sector do not say it.
Skanska, however, mentions two projects underway in the United States: the construction of a road in Florida and the renovation of La Guardia airport in New York. The latter became Skanska's "preferred bidder" a few days before Cavallaro's interview and the value of the project would have been SEK 30.5 billion. The Floridas contract was signed last year and amounted to SEK 6 billion.
"There are many streams small: everything from customer design changes to late deliveries or subcontractors who failed to deliver. Some of our estimates may be a bit too aggressive. It's a mix of different things, "explains André Löfgren about what's wrong.
Do you have other projects that may also become too expensive?
"No, we have done a thorough review of all our construction projects, especially the larger ones, because we need to improve our profitability a bit, we are quite aware of the projects and it is in these two cases that we see need to write. "
Does the precursor have something to do with the project model, OPS?
"No, i dont think so."
Have not you been able to overcome the client's risk for such expats to hit him instead?
"Yes, it's still a negotiation of what the customer and the entrepreneur are willing to accept.There is a risk allocation that is also reflected in the expected profitability of the projects." of an evaluation at each opportunity and project. "
OPS is also the project form that Skanska applied to the construction of the Nya Karolinska Hospital in Stockholm.
Is it generally more difficult to negotiate with US customers than with Swedish customers on OPS projects?
"I think there's really no difference in terms of OPS projects, you could say that the business climate is generally more difficult in the US, but I would not say it's related that it is or is not an OPS project, it's just a general conclusion. "
That Richard Cavallaro According to André Löfgren, leaving the company is not because the two projects are gigantic, but mainly because Don Fusco "is the person we want to see lead the plantation sector in the United States, considering his qualities, want there. "
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