Procurement body Fusion21 has awarded 61 firms spots on its national refurbishment, construction, new build and modular buildings framework. The four-year deal is estimated to be worth £305m and has been developed to support public sector organisations, including housing, education, and healthcare providers to deliver construction programmes. The framework offers internal and external refurbishment, construction,
Morgan Sindall Infrastructure is the latest main contractor to benefit from Flannery’s Brextor Pile Milling technology. The system not only reduces safety risks by limiting people plant interface, but it also reduces costs due to increased productivity and also through reducing damage to the piles thanks to the unique process of ‘milling’ the internal and
A formal contract notice has been issued for the restoration work on The Palace of Westminster’s tallest tower. The cost of the works is now estimated at £95m for the Victoria Tower Fabric Safety Project. A maximum of five suppliers will be shortlisted to qualify for the Invitation to Tender stage, which is anticipated to
London-based refurb and building specialist ME Construction went into administration owing subcontractors and suppliers nearly £4m. An update from administrator FRP Advisory showed more than 300 trade creditors were owed £3.8m when the firm went under in March. Its civils arm MEC Groundworks also went into liquidation owing more than £100,000 to unsecured creditors. Suppliers
Hertfordshire-based HG Construction delivered a third year of strong growth to achieve record revenue last year, up 38% to £336m. But pre-tax profit slid to £15m from £25m the year before in the face of a turbulent market and unpredictability of material and labour prices. As a result operating margins halved from around 10% to
Ferrovial Construction UK suffered a £30m loss last year after big provisions for forecast losses on the £2bn Silvertown Tunnel project in East London. The firm revealed total provisions of £54m on the project for the year ending 31 December 2022. This figure is made up of £19.6m for defects and warranties and £31.3m of
London developer Helical confirmed this morning that it is pressing ahead with a major office revamp job near Blackfriars Station in the capital. Mace is understood to be lined up to build the 100 New Bridge Street project, which will now get underway in November with Keltbray carrying out demolition. It is one of several major
Watkin Jones suffered a loss in the six months to March 31 2023 as its balance sheet was hit by the collapse of the main contractor on a scheme in Exeter and the cost of making 10% of staff redundant. Half year results for the build-to-rent specialist show a pre-tax loss of £800,000 compared to
Barratt chairman John Alan is to step down early at the end of next month, following allegations of inappropriate behaviour at his other chairmanship with retailer Tesco. This morning Barratt confirmed that Alan would be replaced by Caroline Silver Chair designate with effect from 1 June rather than September as originally planned. He is understood
London has seen a record volume of office refurbishment starts in the six months to March. According to Deloitte’s Summer 2023 London Office Crane Survey the race to avoid stranded assets has seen 37 office refurbishments start covering 3.2m sq ft. This increase has been driven by a need to reach the anticipated Minimum Energy
