Construction news

• Building Safety Bill to drive up PII costs excluding firms

  24-02-2022 13:44 via constructionenquirer.com
  
  Construction professionals are warning late Government amendments to the Building Safety Bill will drive up construction professional indemnity insurance for firms driving many out of the housing sector.
  Plans to extend the defects liability limitation period to 30 years are being challenged as unworkable.
  The Construction Industry Council has warned that the huge increase in level and extent of liability risked shutting SMEs out of the housing development and wider building market and force com
  
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• Costain settles legacy gas job with £43m payout to National Grid

  24-02-2022 08:48 via constructionenquirer.com
  
  Costain has reached a final settlement with National Grid over a contract bust-up arising from complex upgrades to Peterborough and Huntingdon gas compressor stations.
  Costain and National Grid agreed to part ways in 2020 more than halfway through the £113m upgrades following significant changes in scope to the project.
  Under a range of scenarios Costain initially said it would either collect £50m or pay out more than £57m.But two month ago, Costain announced it would be due to
  
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• Record results see Morgan Sindall “in best shape ever”

  24-02-2022 08:38 via constructionenquirer.com
  
  Morgan Sindall has posted record results with profit margins at the core construction and infrastructure division hitting 3.8%.
  The contractor is trading well-ahead of pre-pandemic levels with numbers up across the whole business.
  Pre-tax profits were up to £127.7m for the year to December 31 2021 from £63.9m last time on turnover up to £3,213m from £3,034m.Comparative 2019 pre-pandemic figures showed a pre-tax profit of £90.4m from a turnover of £3,071m.
  The
  
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• £30m Staines resi towers approved on appeal

  24-02-2022 08:04 via constructionenquirer.com
  
  Developer Inland Homes has won a planning appeal to build two residential blocks in Staines, Surrey.
  The £30m project will consist of two mid-rise buildings providing 206 flats on former telephone exchange site in Elmsleigh Road.
  The scheme was originally refused by Spelthorne Borough Council, but has now been given the go-ahead following an appeal to the Planning Inspectorate.Designed by Assael Architecture, the buildings will be connected by a landscaped podium at the first floor, provid
  
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• Watkin Jones advances next two private rental projects

  24-02-2022 00:39 via constructionenquirer.com
  
  Build to rent developer Watkin Jones has advanced plans for private rental flats schemes in Edinburgh and Surrey.
  In the south, the firm has exchange of contracts to buy a consented 214-home build to rent planned development in Leatherhead.
  The £71m scheme on Randalls Road will be the first operational BTR project in the town and is close to the shopping and hospitality of the centre of Leatherhead, as well as the River Mole Nature Reserve, and Leatherhead Park.Work is set to start imminen
  
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• GCHQ launches cyber security guide for construction firms

  24-02-2022 00:02 via constructionenquirer.com
  
  Intelligence experts at GCHQ have published the first-ever cyber security guidance aimed at the UK construction industry.
  The organisation’s National Cyber Security Centre (NCSC) has published the Cyber Security for Construction Businesses guide offering practical advice for the industry on how to protect its businesses and building projects.
  Construction businesses of all sizes continue to be targets for cyber attackers due to the sensitive data they hold and high-value payments they hand
  
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