SINCLAIR KNIGHT Merz (SKM) has pulled out of the race to build the London 2012 stadium after its German contractor failed to fi nd a British counterpart interested in working on the project.
The anonymous German firm wanted to team up with a British contractor for local knowledge, but most UK firms have decided against bidding because the project is highfiprofie and risky (News last week).
'For the fist time in four Olympics we aren't bidding for the main stadium,' said SKM global business development manager Ian Thompson.
Thompson said that the lack of bidders for the main Olympic stadium was unlikely to be repeated on other, smaller, venues because there is a greater number of contractors able to build them.
Thompson said major contractors had also shied away from the stadium because the volume of work on offer meant they were able to go for more profitable lowfirisk projects.
Following the lack of competition from major contractors, Sir Robert McAlpine, with its Emirates stadium team of Buro Happold and HOK, last week emerged as the favourite for the main stadium.