Balfour Beatty chief executive Leo Quinn has described Network Rail as a “difficult” client and revealed the contractor could stop working with the body.
Quinn was speaking to investors as Balfour Beatty posted a £146M loss in its UK construction business for the six months to 26 June 2015.
He set out a range of measures the contractor was taking to turn its fortunes around, saying the losses were from contracts signed before he arrived in January.
Quinn said Network rail was “very, very difficult to work with” and that it was “very, very difficult to make a return” on its projects.
“We are looking at withdrawing from contracts that we have historically made losses on,” he added. “There is no point being a busy fool.”
Quinn said later: “Over the last five years, our engagement with Network Rail has lost us money. We have to find a way to make a return or we won’t operate in those markets.”