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Skanska booked a $51M write-down following Harvard split

Apr 30, 2015 - Boston Business Journal

Skansa reported a $51 million write-down in future bookings in the fourth quarter of 2014 related to work it expected to complete on the Ruth Mulan Chu Chao Center at Harvard Business School.

That's the word from the construction company in response to queries about why the project to build the new executive-education facility changed hands to Lee Kennedy Co. The company's comments came after the Boston Business Journal reported that the project had shifted to a new contractor without expl...