Postponed construction exchange to rethink plans_3
18 July 2012
Arrideo, the construction trading exchange, still has a future despite last month’s decision to postpone its launch indefinitely amid financial worries, according to Mel Zuydam, its chief financial officer.
Zuydam will call a meeting of Arrideo’s five backers - Balfour Beatty, Bovis Lend Lease, Skanska, Amec and Laing - in a month or so to discuss further e-commerce strategies, he told SM. They pulled the plug on Arrideo because of concerns over the cost of implementing the exchange.
“There will definitely be some type of [marketplace] within the sector,” added...