Skanska Selected as Construction Manager for the Renovation of the United Nations Headquarters in New York

Press release 7/26/2007 6:00 PM EST

Skanska has been selected by the United Nations to serve as the construction manager for the UN’s Capital Master Plan (CMP) renovation and upgrading of the international agency’s headquarters in New York City. The Preconstruction Phase Services Agreement for the renovation was signed on July 27 in New York. Skanska expects to perform the project on a phased basis through 2014, with a total anticipated value of the work being approximately $1 billion. Skanska will negotiate, and submit to the UN for approval, separate Guaranteed Maximum Price (GMP) contracts for each phase of the project.