Leighton

Success in the construction industry is a function of sound process as much as favourable conditions. It’s a lesson Leighton Holdings has learnt firsthand over the past few years. After colossal losses on two flagship projects—Airport Link in Brisbane and the Victorian desalination plant—the company is carefully reviewing its risk management and tendering processes. Chief executive Hamish Tyrwhitt has concluded the company became too cavalier under previous chief Wal King; chasing growth at any cost. He plans redemption by engendering a new respect for risk management, commanding more control of project decisions and more narrowly defining the abilities and...

Success in the construction industry is a function of sound process as much as favourable conditions. It’s a lesson Leighton Holdings has learnt firsthand over the past few years. After colossal losses on two flagship projects—Airport Link in Brisbane and the Victorian desalination plant—the company is carefully reviewing its risk management and tendering processes.

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