first_img Show Comments ▼ whatsapp Share BUILDERS have already lost out on more than £5.7bn worth of work after Britain slashed investment in new schools and Balfour Beatty is most exposed to the cutbacks, Reuters research shows.A survey of the 26 local authorities worst hit by a decision to freeze the last government’s £55bn Building Schools for the Future (BSF) scheme, shows contracts for dozens of schools had already been awarded or were close to being signed with preferred bidders.The scheme was scrapped as the new government seeks to rein in a ballooning deficit, leaving some children stuck in leaky classrooms and disappointing builders and IT firms who had banked on a 20-year programme of investment in schools.Balfour Beatty is most exposed having been among the contractors to win, be shortlisted for or achieve preferred bidder status on projects worth £1.1bn or about one fifth of the £5.7bn total shown in the Reuters survey.Laing O’Rourke had been involved in £903m worth of projects either alone or in partnership with other contractors, followed by FTSE 250 maintenance firm Interserve on £718m. KCS-content whatsapp Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Tuesday 17 August 2010 8:04 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoBetterBe20 Stunning Female AthletesBetterBeUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndo Builders miss out on £6bn of school projects More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Tags: NULLlast_img