Construction news

• Midas goes into administration

  08-02-2022 17:26 via constructionenquirer.com
  
  Midas has gone into administration with the loss of 303 jobs.
  The Enquirer understands the bad news was confirmed to staff by chief executive Alan Hope and chairman Steve Hindley via teams calls and email on Tuesday afternoon.
  Administrators from Teneon are now in charge of the construction group.But the Mi-Space business has been sold to the Bell Group saving the jobs of 46 staff who have been TUPEd over.
  
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• Glencar bags 456,000 sq ft spec shed in Crewe.

  08-02-2022 15:15 via constructionenquirer.com
  
  Glencar has secured its third major shed contract for specialist logistics park developer PLP.
  The job to build a 456,000 sq ft speculative big box marks the final phase of the Basford West employment park in Crewe.
  Work on Crewe 460 is due to start imminently and fast-tracked to finish in December this year.
  Crewe 460 is being constructed to be a ‘best-in-class’ warehouse featuring 15m clear internal height, 72m deep service yard, three-storey external offices and car park with 442
  
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• Gilbert Ash wins £22m Brighton College arts centre

  08-02-2022 11:58 via constructionenquirer.com
  
  Gilbert-Ash, has been appointed main contractor on a £22m project to develop a building for the performing arts at Brighton College.
  The contractor will start on site later this month with the scope of works including the demolition of existing buildings and the construction of a 400-seat multifunctional theatre, dance and drama studio.
  It also includes classrooms for English and Drama and a social space for gatherings.Construction is due to complete in February 2024.
  Gilbert-Ash Managing
  
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• Morgan Sindall set for Kirkby cinema job

  08-02-2022 09:01 via constructionenquirer.com
  
  Knowsley Council has named Morgan Sindall as preferred contractor to deliver a big cinema complex in Kirkby town centre in Merseyside.
  The multi-screen cinema scheme, complete with three food and drink outlets, will be located on the former Kirkby Library site on Cherryfield Drive.
  Construction is due to commence in the coming months following planning permission for the site and an operator, Reel Cinema, being secured.The latest phase of the town centre improvement plan follows the successful c
  
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• Market testing starts on £275m River Thames flood project

  08-02-2022 08:52 via constructionenquirer.com
  
  The Environment Agency is calling up Tier 2 contractors for a market engagement exercise to set out procurement plans for its £275m River Thames flood alleviation scheme.
  The search for a main construction partner is due to start in summer of 2023 with contract award anticipated in early 2025.
  The Environment Agency has already developed outline design proposals and an initial procurement strategy for the phased River Thames Scheme, which will involve a range of works to reduce flood risk
  
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• Accountant facing probe over Galliford Try and Kier audits

  08-02-2022 08:43 via constructionenquirer.com
  
  PwC is being investigated by accounting watchdogs at the Financial Reporting Council over its audits of Kier and Galliford Try.
  The Financial Times said the probe into PwC’s audit of Galliford Try comes after the contractor was accused by the regulator of overstating its revenues from the Aberdeen bypass project by £80m in a 2018 interim report..
  In March 2019, Kier also revealed it made a £40m accounting error, while using PwC as its auditor.The mistake saw Kier announce that
  
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• Ardmore set for £420m record turnover this year

  08-02-2022 08:04 via constructionenquirer.com
  
  South east contractor Ardmore Construction is set to deliver record revenue this year as the business benefits from a raft of major project wins.
  The firm said that it had already secured 97% of the targeted turnover for this year, at an average project value at £120m.
  But managing director Patrick Byrne warned that current margins would be under pressure from inflation and remedial works.“There is a planned further increase in overheads to support increased trading activities after
  
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