Construction news

• BAM gets start for £45m Manchester office job

  14-06-2022 15:22
  
  Developer Ask Real Estate and JV partner, The Richardson Family, has given BAM Construction the go-ahead to start work on a major office project in Manchester.
  The First Street project go-ahead follows a pre-let deal with The Government Property Agency.
  The Agency is taking the building to rehouse civils service at the city’s Piccadilly Gate building.  This is to be demolished to make way for Manchester Piccadilly’s HS2 station.Subsequently, staff from government departments inc
  
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• Sir Robert McAlpine returns to profit

  14-06-2022 11:10
  
  Sir Robert McAlpine has returned to profit bouncing back from a £27m loss during the pandemic in 2020.
  In a turnaround year for the business, McAlpine generated a £9.2m pre-tax profit last year on revenue ahead 14% at £937m.
  But revenue in the year to October 2021 was slightly down on the five-year peak of £1bn in 2019.Improved trading saw cash balances slightly ahead at a healthy £106m at year-end with no debt.
  Paul Hamer, chief executive officer at Sir Robert McAl
  
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• Construction needs another 250,000 workers by 2026

  14-06-2022 09:24
  
  At least a quarter of a million additional construction workers will be needed by 2026 to meet growing demand in the industry according to the latest Construction Skills Network.Authors of the report warn that with job vacancies at a record high, and unemployment at its lowest level in 50 years, developing a highly-skilled workforce will be the biggest challenge contractors will face over the next five years.If projected growth is met, construction employment could reach a high of nearly 2.78 mi
  
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• Bid race for £108m Leeds Kirkstall Corridor job

  14-06-2022 08:36
  
  Latimer, the development arm of Clarion Housing Group, has started the hunt for a builder to deliver phase one of of its 1,400 home Kirkstall Road development to the west of Leeds city centre.
  The first phase of the development on the former Yorkshire Chemicals site will involve building a mixed-use project of four blocks providing 623 new homes and associated commercial space.
  Latimer is holding out the prospect of sticking with the same builder to deliver the larger phase two works of 814
  
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• Plans in for Manchester 22-storey New Bailey block

  14-06-2022 08:05
  
  The English Cities Fund has submitted plans for the next phase of new homes at Salford’s New Bailey development.
  The 22-storey building, designed by Hawkins Brown, will bring forward an additional 196 homes with city and waterside views.
  It forms part of the £1bn, 50-acre Salford Central regeneration.Adjoining the building is Novella, a development of 211 new homes by ECF, where buyers start moving in this August.
  Around 50% of the homes at the scheme have been sold before the buildi
  
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• Costain names new energy director

  14-06-2022 08:05
  
  Costain has appointed Matt Browell-Hook, former board director at oil and gas engineering and consulting firm Kent as energy director at its Natural Resources dib=vision.
  He will lead Costain’s energy portfolio from strategic advisory to programme delivery.
  Working with customers, partners, communities and the wider industry, Browell-Hook will ensure that Costain continues to build on its strong heritage in engineering and design, project delivery and energy solutions.
  Natural resources ma
  
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• Picking the right contracts pays off for Murphy

  14-06-2022 08:04
  
  Specialist engineering and civils contractor J Murphy & Sons has posted its latest results with significant rises in both turnover and profits last year.
  The contractor is confident of continued  progress this year despite the current economic uncertainty.
  Total group revenue was up 14% in 2021 to £1,270m from £1,114m in 2020 while underlying operating profit surged 67% to £21.7m from £13m last time.A robust order book of  £2.239bn at year-end was up 2
  
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• Tender price inflation to soar to 10% this year

  14-06-2022 01:12
  
  Leading cost consultant Arcadis is warning the spectre of stagflation could hit construction as soaring materials inflation and risk allowances in tenders delays project pipelines.
  It estimates that disruption caused by the Ukraine War has magnified existing supply chain problems adding 3 to 5% to the cost of typical projects.
  This is even though materials sourced from Ukraine barely account for 1.2% of the value of construction’s imports.
  A combination of energy and material price inflati
  
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