Ben Vogel | Construction News

Labour’s blueprint for the greenbelt

Thu, 18 Jul 2024 10:03:43 +0000

After its landslide general election win last month, how will the incoming Labour government reshape the planning system? The Labour government pledged to “get Britain building” in the King’s Speech on 17 July. So can contractors and homebuilders expect a bonanza of work? The week…

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Mace posts record £2.3bn revenue

Wed, 17 Jul 2024 09:11:26 +0000

Mace has posted record turnover and profit figures in its latest annual accounts, including its highest construction revenue for five years. Turnover rose by 25 per cent in the 2023 calendar year to reach £2.36bn while pre-tax profit soared by 69 per cent to £61.7m.…

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Guarded welcome for latest JCT 2024 rollout

Fri, 12 Jul 2024 14:25:36 +0000

The latest instalment of the Joint Contracts Tribunal (JCT) 2024 suite of contracts may have left key aspects of the Building Safety Act (BSA) unaddressed, experts have said. JCT included 13 documents in its Intermediate Building Contract (IBC) release on Wednesday (10 July). The intermediate…

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Creditors await outcome of extended Henry administration

Mon, 08 Jul 2024 08:00:06 +0000

Henry Construction Projects is likely to end up in voluntary liquidation but it is unclear how much money unsecured creditors may receive, a new report has said. In a 4 July progress report, joint administrators David Hudson and Geoffrey Rowley from FRP Advisory said they…

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Defence framework bears fruit for Lendlease

Fri, 05 Jul 2024 16:35:22 +0000

Lendlease Construction Europe has been awarded three contracts for British Army facilities under a broader £5.1bn Ministry of Defence (MoD) framework. The contractor said today (5 July) that the deals, worth a combined £450m, were procured under the Defence Estate Optimisation (DEO) Army Programme by…

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Construction fatalities 70% worse than five years ago

Thu, 04 Jul 2024 15:19:08 +0000

Construction worker fatalities in the UK are 70 per cent higher than before the Covid pandemic, according to the latest annual statistics from the Health and Safety Executive (HSE). Data for the year to 31 March 2024 showed that 51 construction workers died in accidents…

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Recovery stays out of reach as administrations tick up

Thu, 04 Jul 2024 06:00:12 +0000

The volume of construction administrations has increased for the second consecutive month, Creditsafe data shows. A total of 31 businesses went into administration in June, compared with 24 in May and just 13 in April. Despite the uptick, the figure of 68 failures for the…

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Ferrovial Construction bounces back from Silvertown hit

Mon, 01 Jul 2024 06:00:41 +0000

Ferrovial’s UK contracting arm posted a record turnover and returned to profitability last year, despite winning no new work. Revenue from contracts in the 2023 calendar year rose by 9 per cent to an all-time high of £536.6m – its fifth successive year of revenue…

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Thinking a STEP ahead on nuclear

Fri, 28 Jun 2024 11:19:07 +0000

The hunt is on for a contractor to build a complex prototype nuclear fusion plant in Nottinghamshire One major strand in the Labour Party’s general election manifesto is its proposal to set up a publicly owned company called Great British Energy to invest in clean…

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Amey enters into long-term deal for ‘eco-products’

Fri, 21 Jun 2024 11:29:58 +0000

Equipment rental specialist Speedy Hire has signed a long-term agreement with Amey Group Services to provide non-operated plant. The hire and solutions contract is worth up to £25m annually, Cheshire-based Speedy Hire announced yesterday. A company spokesman said the duration of the deal could not…

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