Construction news

• Fusion21 starts race for £250m housing RMI framework

  30-05-2022 17:41 via constructionenquirer.com
  
  Procurement body Fusion21 has started the contest for its next-generation national housing repairs and maintenance framework worth up to £250m over four years.
  Specifically designed for housing associations and local authorities to use, the enlarged framework will include firms that can provide reactive works and services, void property repairs, and outsourced call handling on a 24/7 or out-of-hours basis.
  Empty property refurbishment, improvement, and security services are also included i
  
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• Arup to lead £600m Shotton paper mill expansion

  30-05-2022 17:26 via constructionenquirer.com
  Arup has been selected to lead the £600m transformation of the Shotton Paper Mill in Deeside.
  The firm, supported by architects AHR, will work with the mill’s Turkish owner Eren Holdings through the expansion plans to redevelop the mill.
  The expansion will include a container board machine building, new warehouse and dispatch facilities, a combined heat and power boiler building.
  Subsequent phases of the project will include a corrugated packaging factory and tissue factory.
  Once the
  
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• Skanska UK finance chief to step down

  30-05-2022 17:12 via constructionenquirer.com
  
  Skanska UK’s chief financial officer Kelly Gangotra is stepping down after more than 10 years at the business.
  She will leave Skanska at the end of July to join a company outside of construction.
  A spokesman for Skanska said: “She has decided the time is right in her career to take up a new and significant opportunity.
  “We thank Kelly for the contribution she has made to Skanska over her decade of service with the company.”
  Skanska said it had started an executive search
  
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• Causeway acquires asset management specialist Yotta

  30-05-2022 15:25 via constructionenquirer.com
  
  Software giant Causeway Technologies has acquired asset management specialist Yotta from AIM-listed Oxford Metrics plc.
  Yotta serves over 200 customers worldwide, providing software to assist in the management of more than 35 million physical assets and related services, including highways, street lighting and waste management.
  The acquisition of Yotta marks another vital step on Causeway’s journey to digitise the processes that underpin the construction and maintenance of infrastructure a
  
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• Crest Nicholson operations chief steps down

  30-05-2022 09:22 via constructionenquirer.com
  
  House builder Crest Nicholson has announced that chief operating officer Tom Nicholson is stepping down.
  Nicholson joined Crest Nicholson in May 2019. Before that he was managing director and divisional chair at house builder Linden Homes and has also has worked at house builder Berkeley Group.
  Crest said Nicholson was standing down after phase one of its restructure to improve financial performance, significantly strengthen the balance sheet and assemble an experienced, diverse leadership team
  
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• US hedge fund makes move on house builder Countryside

  30-05-2022 09:17 via constructionenquirer.com
  
  San Francisco based Inclusive Capital Partners (In-Cap) has launched a takeover bid for Countryside Partnerships which is being firmly rebuffed by the house builder.
  In-Cap went public with its move today after making a confidential approach earlier this month to Countryside.
  It said: “On 26 May 2022, In-Cap was notified by Countryside that the Company would not engage with In-Cap or provide access to due diligence materials. This represents the second attempt made by In-Cap to engage with
  
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• Skanska wins £259m British Army vehicle base job

  30-05-2022 08:57 via constructionenquirer.com
  
  Skanska has scooped the job to redevelop a major British Army vehicle storage and maintenance facility based in the south west.
  The £259m contract will deliver the construction, along with mechanical and electrical engineering services of new storage buildings, workshops and an office.
  It will involve a complex programme of demolition of 58 buildings, construction of 12 new buildings and refurbishment of one existing facility, plus renewal of site-wide infrastructure.The work will mod
  
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• Speedy spends £68m on new construction kit

  30-05-2022 08:47 via constructionenquirer.com
  
  Speedy Hire invested £68.4m in refreshing its fleet of construction kit last year as revenue and profits surged.
  Latest accounts for the year to March 31 2022 show pre-tax profits hit £29.1m from £8.3m last time as turnover ticked up to £386.8m from £332.3m.
  Chief Executive Russell Down is confident the improvements will continue this year.He said: “We have made an encouraging start to FY2023 with volume growth and price increases more than offsetting cost pre
  
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• Colmore Tang Construction downsizes after £5m loss

  30-05-2022 08:21 via constructionenquirer.com
  
  Birmingham-based Colmore Tang Construction has downsized the business in a switch from major flats projects to delivering specialist cladding remediation.
  The pivot in management strategy comes after a corporate body blow during the pandemic. This saw revenue slump to just £18m in 2021 from £53m previously.
  As a result of Covid restrictions and higher costs, Colmore Tang booked a £4.95m loss in the year ending May 2021, which also resulted in current liabilities exceeding asset
  
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• £140m Plymouth hospital expansion approved

  30-05-2022 08:11 via constructionenquirer.com
  
  University Hospitals Plymouth NHS Trust has secured planning for two major schemes that will see more than £140m invested in the region’s largest acute hospital.
  The projects involve a new 165,000 sq ft Urgent and Emergency Care Centre at Derriford Hospital on the outskirts of Plymouth and a new £35m health and wellbeing hub in the city centre.
  The building has been designed by architect Stride Treglown, with civil and structural engineer Clarke Bond and M&E consultant Hoar
  
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