The collapse of Henry Construction has triggered a serious bonding crunch for contractors. Some bond providers are warning firms will now find it much more difficult and costly to raise bonds as a result of the fallout. Surety capacity is being constrained as providers seek to manage risk, and brokers now warn that contractors with

Multiplex and Murphy shared the honours in the contracts league rankings for orders taken in June after both firms bagged a project estimated to be worth £200m. Murphy took the contract to build a £200m station in south Cambridge for the East-West Rail line. Enabling works are underway at the site located next to the

Manchester developer and builder Ranaker has submitted plans for the city’s tallest tower containing over 640 flats. The 71-storey tower, already nicknamed the ‘Lighthouse’ because of its distinctive lantern-style glazing on the upper six floors, will top out Ranaker’s Great Jackson Street cluster. Designed by SimpsonHaugh Architects, the 213m tall skyscraper will feature a public

Forty-five construction workers were killed in site accidents last year according to the latest official figures from the Health and Safety Executive. The figure is sharply up on last year’s 29 fatalities and higher than the five-year average of 37 annual deaths. Construction made up a third of the 135 workers killed in work-related accidents

Construction buyers reported a drop in overall output in June for the first time in five months. The bellwether S&P Global/CIPS UK Construction Purchasing Managers’ Index recorded 48.9 in June, down from 51.6 in May and below the neutral 50.0 threshold for the first time in five months. The index was dragged down by a

Grenfell contractor Rydon has revealed a provision of £26.7m to cover the cost of its part in the settlement earlier this year with more than 900 survivors and bereaved family members of the tragedy. The provision is also understood to include the potential outcome of ongoing talks with individuals not included in the BSR Cohort

SME housebuilders delivered a letter to the Prime Minister today calling for action to save their businesses. The letter signed by 200 firms highlights the “existential threat to the survival of businesses posed by the increasingly anti-development policy environment.” It warns that current blocks to development threaten to wipe out a growing number of firms

A person died yesterday at a former Henry Construction site in west London. Eye witnesses reported a fleet of emergency vehicles outside the site on Wednesday afternoon. 12 ambulances (incl. “incident response ambulances”) along Kensington High Street outside a construction site. Paramedics with a stretcher and hard hats entering the site. pic.twitter.com/ywEOfGLOgj — Amelia Harper

Gary Neville’s £400m landmark St Michael’s development in Manchester is set to move to main construction in weeks. Launching the iconic tower scheme, Neville said the start by contractor Domis would mark the culmination of 15 years of hard work to transform an underused area of the city. The mixed-use scheme is being brought to

Manchester City Council’s new wholly-owned development company, This City, has awarded its first housing project to Wates. The builder will deliver 118 flats across two buildings and 10 town houses overlooking Ancoats Green in the city. The Rodney Street development has been designed by architect Buttress and will benefit from a wider £32m investment package