AN UPDATED version of the Common Assessment Standard – the industry-agreed pre-qualification standard developed by Build UK – has been released. Version 4 has been streamlined following the withdrawal of PAS 91 and updated to include a new Building Safety section. The Common Assessment Standard can be used to demonstrate that companies have the ‘organisational capability’
Kraton Corp. raised $1 billion through a global bond issuance backed by Korea Development Bank’s credit guarantee in collaboration with parent company DL Chemicals.
Cornerstone Building Brands confirmed it closed the Mueller Supply Company acquisition, enhancing its Southwest presence and access to expanded metal roofing markets.
KINGSPAN GROUP PLC, a building solutions provider, and solar manufacturer LONGi Green Energy Technology Co. Ltd are collaborating to integrate advanced solar technology with innovative building materials. The partnership aims to pave the way for more sustainable construction and energy solutions. Kingspan and LONGi have agreed to bring together their technologies to develop Integrated (BIPV)
Mitie has struck an £8.5m deal to buy leading high voltage electrical engineering contractor ESM Power. Specialising in grid and power connections, the Scunthorpe-based firm has 20 years of experience in the design, delivery and maintenance of high voltage power connections across a broad range of sectors, including local authorities, commercial developments and power generation
The Pune Metro Rail Corporation Limited (PMRCL) is set to develop a commercial complex at Swargate, aiming to enhance its revenue streams and provide modern amenities to commuters. This project, strategically located at one of Pune’s busiest transit hubs, promises to transform the Swargate area into a vibrant commercial zone. The proposed complex will feature
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The North East Procurement Organisation has started the race for its next-generation civils and infrastructure framework worth an estimated £1bn. Twenty-six firms now face a fight to renew their places on the framework which now has a simplified lotting structure for firms delivering projects in the north east and nationally. Existing partners on the national
India has announced plans to develop community infrastructure projects in the Marshall Islands as part of its outreach to the Pacific region. The projects, which include the construction of a community sports centre, an airport terminal, and two community centres, were formalized with the signing of a Memorandum of Understanding (MoU). This initiative is part
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Andhra Pradesh Chief Minister N. Chandrababu Naidu has announced plans to develop 4-5 small airports across the state, aiming to boost regional connectivity and infrastructure. This initiative is part of a larger strategy by the state government to improve transportation links and foster economic growth in less accessible areas. The proposed airports will be strategically
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Mace enjoyed a 25% rise in turnover last year helped by 60 contract wins at the main construction division. Revenue rose to £2.36bn for the year to December 31 2023 from £1.89bn last time while pre-tax profits from continuing operations hit £61.7m from £36.7m. Last year was the halfway point in the delivery of Mace’s
