Octavius Infrastructure Ltd has bought the assets and most of the contracts of R&W Civil Engineering. The Enquirer revealed last week that R&W was in talks with a potential buyer and had filed a notice of intention to appoint an administrator. Octavius has now finalised a deal for the firm after it went into administration.
Sir Robert McAlpine continues to battle to restore margins to industry averages after a year of supply chain, labour availability and inflationary pressures eroded profitability. The firm revealed that longer term projects due to finish this year had seen costs jump by £33m more than expected. In latest published results for 2022, the group delivered a
Tata Group has confirmed plans to build a £4bn gigafactory in Somerset. The new factory will provide almost half of the UK’s battery production needed by 2030 and will be Tata Group’s first gigafactory outside India. It will produce batteries for Tata-owned Jaguar Land Rover as well as other manufacturers in the UK and Europe.
Hopes of a bounce back in the second half of this year have been dashed at Watkin Jones. The build-to-rent specialist revealed a pre-tax loss of £800,000 in May’s interim results for the six months to March 31 2023 but was confident of a recovery in the rest of the year. Those hopes were dashed
Wynne Construction has been awarded the pre-construction services agreement for Wrexham University’s new £30m enterprise, engineering, and optics centre. The building will provide a space for the university to work with business partners and undertake cutting-edge research into advanced solutions supporting the implementation of lightweight composite materials alongside the adoption of hydrogen fuel. Wynne Construction
M&E specialist contractor Integral UK is to stop working for main contractors in a strategic move to focus efforts on working directly for clients. As a result, Intergral UK’s Major Projects Division, which is understood to turnover around £80m, will be closed with up to 100 jobs now at risk as redundancy consultations get underway
Offsite Solutions has been awarded two contracts totalling £5m for nearly 1,500 bathroom pods for Downing’s first co-living scheme. Designed by Simpson Haugh, Square Gardens is a £400m co-living scheme in Manchester developed and built by Downing, which will provide new homes for rent – a mix of private studios to five-bedroom apartments. This project
Skanska has been named as preferred bidder for the £450m Kent Roads contract on the Lower Thames Crossing project. The contractor fought-off competition from three rivals to land the deal – BFV JV; comprising of BAM Nuttall, Ferrovial Construction (UK) Ltd and VINCI Construction Grands Projets, Costain and Kier Eiffage (KEJV); comprising of Kier Highways
United Utilities has started the hunt for contractors to deliver complex design and build projects for a programme worth £5.5bn over 10 years. The North West water company’s AMP8 and AMP9 investment plans are set to be significantly larger than previous years. To deliver the ramping up of work, United Utilities has created a model
Immigration rules are being relaxed for foreign construction worker.s The Home Office has conformed a raft of trades has been added to the government’s Shortage Occupation List which temporarily eases visa restrictions in sectors where employers are struggling to fill vacancies. The relaxed rules will now apply to: Bricklayers and masons Roofers, roof tilers and
