Construction news

• Ringway to replace Kier on Surrey roads deal worth up to £2.5bn

  19-10-2021 23:44
  
  Ringway is set to replace Kier on Surrey County Council’s highways maintenance contract which could be worth up to £2.5bn.
  Ringway will take over from current incumbent Kier next April to carry out road repairs, resurfacing and specialist structural projects as well as the upkeep of drains, winter gritting and snow clearing under the contract which will initially run for 10 years with the potential to be extended up to 21 years.
  Cabinet Member for Transport and Infrastructure, Matt F
  
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• BFT boosts fleet with new mastclimbers

  19-10-2021 16:53
  
  BFT Mastclimbing has recently taken delivery of another 28 machines as it continues to renew its fleet to hit the target of having no kit older than 15-years-old.
  The new BFT120 Mastclimbing machines can reach heights of 130m with a total platform length of 30m when in a twin mast configuration.
  The standard platform is 1.1m wide with a max SWL capacity of 3,700kg making it very versatile and suitable for many different construction projects.
  BFT has around 600 of this machine type making up aro
  
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• Furious nmcn subbies left holding £60m in unpaid bills

  19-10-2021 15:31
  
  Angry suppliers have been left in the lurch for more than £60m in unpaid bills following the fall into administration of nmcn.
  One groundworks specialist owed nearly £50,000 told the Enquirer: “We have been strung along for months and now we will get nothing.
  “The administrator has told us we are unlikely to get anything and that will hit hundreds of firms owed more than £60m.”Nmcn went into administration earlier this month when a refinancing deal with invest
  
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• Multiplex set to start on £50m Crossrail office site

  19-10-2021 12:43
  
  Multiplex is set to start on site on a speculative 65,000 sq ft office scheme for developer Grosvenor above the Elizabeth line’s Bond Street western ticket hall following the handover of the site by Transport for London.
  Construction is due for completion at 65 Davies Street in September 2023.
  The appointment of Multiplex was the first major contract race run by Grosvenor taking into account bidders’ commitment to science based targets for carbon reduction.From 2023 Grosvenor expects
  
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• Foreign investors to pump £10bn into UK green infrastructure

  19-10-2021 08:46
  
  The Prime Minister will today announce the UK has secured £9.7bn of new foreign investment in UK green infrastructure at the Global Investment Summit.
  He hailed 18 planned investment deals in wind and hydrogen energy, sustainable homes and carbon capture that will support green growth and create up to 30,000 jobs.
  Among the headline commitments, Spanish electric utility giant Iberdrola confirmed it will invest £6bn in the East Anglia Hub through Scottish Power, subject to securi
  
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• Bellway targets £1.25bn profit over next two years

  19-10-2021 08:30
  
  Bellway is expecting to generate around £1.25bn in cumulative underlying pre-tax profit over the next two financial years.
  The returns will spell a bonanza for shareholders with one third of the cash distributed in dividends.
  The target came as Britain’s fourth largest house builder posted a strong set of results for the year to July 31 2020.Pre-tax profits rose to £479m from from £236.7m last time on turnover up to £3.1bn from £2.2bn.
  Housing completions were
  
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• Pay deal ends strike threat by cement drivers

  19-10-2021 00:25
  
  HGV drivers employed by Hanson have accepted an improved pay deal and dropped their threat of strike action.
  More than 200 drivers employed by the company had overwhelmingly voted for industrial action in a dispute over pay which threatened to intensify industry cement shortages.
  A new pay and conditions offer has now been accepted by the drivers following negotiations led by Unite.Drivers will get:A 2.75 % increase on all pay rates and allowances backdated to 1 January 2021
  A 3.25 % increase on
  
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