sport news Everton face possibility of increased costs for their new stadium trends now
EXCLUSIVE: Everton face possibility of increased costs for their new stadium, with contractors reserving the right to pass on increase in material costs - DESPITE the club claiming to have agreed to fixed-price deals
The primary contractor and main steel supplier are working on similar contracts Fluctuations in global prices of raw materials will affect the overall cost The 52,888-seat stadium at Bramley-Moore Dock was set to cost £550million By Matt Hughes For Mailonline
Published: 18:02 BST, 28 March 2023 | Updated: 18:02 BST, 28 March 2023
Everton face the possibility of increased costs for their new stadium despite claiming to have agreed fixed-price contracts for the £550million project.
In a statement released last month Everton said they had 'moved to fix costs with the firm responsible for the construction of the stadium,' but having spoken to several companies involved in the build Sportsmail has learned that the situation is more complex than initially presented by the club.
The primary contractor, Laing O'Rourke, are understood to have agreed to a fixed profit margin with Everton, but have reserved the right to pass on any increase in the cost of materials and supply-chain difficulties to the club.
The main steel supplier, Severfield, are understood to be working
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