Construction news

• Soaring energy costs to drive 5.5% tender price rise this year

  17-03-2022 15:31
  
  Mace is forecasting average tender prices will rise by 5.5% this year after a record jump of 7.5% in 2021.
  The firm predicted a fresh round of tender price inflation would be driven by soaring energy costs, stoked by the war in Ukraine.
  Matt Fitzgerald, commercial director at Mace Cost Consultancy, warned that firms would have to navigate further price volatility against a market background of slowing demand driven by rising interest rates in the face of global inflationary pressure.
  “Cons
  
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• HS2 minister admits concern over speed of cost rises

  17-03-2022 09:14
  
  HS2 Minister Andrew Stephenson has admitted he is concerned about the rate of cost rises on the £40bn phase one project.
  His latest assessment of progress and spending comes as HS2 has spent just over a third of the target cost.
  Since HS2’s watchdog MP last produced his six-month progress report for the Government actual and potential additional costs have jumped by a further £900m.
  The hike comes from a £500m increase in contingency drawdown plus an extra £400m fro
  
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• Firms on standby for £4.5bn Southern Construction Framework

  17-03-2022 08:13
  
  Procurement group Southern Construction Framework has put firms on alert for the forthcoming race for places on its £4.5bn fifth-generation deal.
  Nine winners of the previous three-year deal now face a fight to retain their places.
  They include relative newcomers Sir Robert McAlpine and Mace, alongside regular winners BAM, Galliford Try, ISG, Kier, Morgan Sindall, Wates and Willmott Dixon. The 10th selected contractor Midas collapsed
  Ahead of going out to tender for the Construct Framework
  
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• Firms on standby for £4.5bn Southern Construct Framework

  17-03-2022 08:13
  
  Procurement group Southern Construction Framework has put firms on alert for the forthcoming race for places on its £4.5bn fifth-generation deal.
  Nine winners of the previous three-year deal now face a fight to retain their places. They include relative newcomers Sir Robert McAlpine and Mace, alongside regular winners BAM, Galliford Try, ISG, Kier, Morgan Sindall, Wates and Willmott Dixon. The 1oth sselected contractor Midas collapsed
  Ahead of going out to tender for the Construct Framewor
  
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• Robertson gets green light for £150m Cardiff arena

  17-03-2022 08:12
  
  A Robertson Construction-led consortium has gained full planning for a 17,000-capacity arena, hotel and associated parking at Atlantic Wharf in Cardiff.
  The consortium, which is the city council’s chosen delivery partner, will now start work in the autumn on phase one of the wider Butetown regeneration scheme.
  Outline plans for the broader masterplan were also approved allowing detailed applications to be submitted for up to 890 homes; 1090 hotel bed spaces; 19,500 sq m of offices; 27,500
  
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• Beaumont Morgan went down owing more than £12m

  17-03-2022 08:11
  
  Manchester based contractor Beaumont Morgan Developments went into administration owing £12.3m – including £7m to unsecured creditors in the supply chain.
  A statement of affairs lodged by administrator Begbies Traynor highlights the scale of debts in the wake of Beaumont Morgan’s collapse in January.
  Directors at Beaumont Morgan blamed the contractor’s demise on a number of factors including delays on a design and build job in Sheffield which led to a legal dispute
  
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• Kier set for Scotland’s first passivhaus high school

  17-03-2022 08:08
  
  Plans to build one of Scotland’s most energy-efficient high schools in Edinburgh have sailed through planning.
  Kier is understood to be the preferred bidder for the Currie Community High School campus project, worth an estimated £60m.
  After getting the thumbs up from Edinburgh City council planner, construction is expected to start on the school in the summer and be completed in 2024.It will be the first Passivhaus-designed secondary school in the country setting the standard for ene
  
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