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Wates signs Government safety remediation pact

Wates has become the latest builder to sign the Government’s developer remediation contract legally committing it to deliver fire safety and recladding upgrades on legacy buildings. The firm has already set aside provisions of £72m in latest accounts that mostly include the expected cash outflow for remediation work on legacy buildings. Wates said it is

Laing O’Rourke makes a £288m loss

Laing O’Rourke made a pre-tax loss of £288.1m for the year to March 31 2023 as rampant inflation and problem jobs blew a hole in the books. Group accounts published this morning show revenue rising to £3.4bn from £2.9bn last time. But a pre-tax profit of £2.7m last year became a loss of £288.1m following

Keltbray, OCU and Clancy clinch £1bn electricity network upgrade

Scottish and Southern Electricity Networks has signed agreements worth over £1bn with three contractors for significant network upgrades to electricity infrastructure. Keltbray Energy, OCU Services and Clancy will each carry out upgrade works in three allocated areas within SSEN’s central southern England distribution area, from Berkshire and West London to Wiltshire, Oxfordshire, Hampshire and the

Former Buckingham Group MD to join John F Hunt

John F Hunt has appointed Simon Hyams as its new Managing Director for Contracting. Hyams was previously MD for the HS2 Major Projects division at Buckingham Group Contracting where he spent nearly nine years. He has over 36 years of contracting experience including senior director roles at Galliford Try and the Energy Technologies Institute. Hyams

Salboy drops office space from Viadux Phase Two

Developer Salboy has dropped the office element from revised plans for the next phase of its Viadux scheme in central Manchester. The next phase will now see construction of two residential towers of 76 and 23 storeys containing 910 apartments. Simon Ismail, Co-Founder & Managing Director of Salboy, said: “City centres throughout the UK are