Construction news

Mace wins cost control role on £1.25bn Stonehenge tunnel

15-06-2022 16:49 via constructionenquirer.com

Mace has been appointed by National Highways to keep an eye on costs on the Stonehenge Tunnel job.
Mace has been appointed as the Complex Infrastructure Programme (CIP) Commercial Partner on delivery of the A303 Stonehenge between Amesbury and Berwick Down dualling scheme and the A428 Black Cat to Caxton Gibbet improvements.
The award follows Mace’s appointment to Lot 1 of the £420m National Highways framework for commercial and project management services last year.The firm will del

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Severfield enjoys record £486m order book

15-06-2022 08:50 via constructionenquirer.com

Britain’s biggest steelwork contractor held margins over the year despite unprecedented inflationary and supply chain pressures.
Underlying pre-tax profit rose 11% to £27m in there year to March 2022 on revenue up by the same measure at £404m, driven mainly by the steep rise in steel prices.
Alan Dunsmore, chief executive officer, said: “The increase in profit also reflects our ability to offset inflationary cost increases through a combination of operating efficiencies,

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Worrying surge in construction firms defaulting on covid loans

15-06-2022 08:35 via constructionenquirer.com

A surge in construction companies defaulting on covid loans could signal a wave of future business failures.
The warning comes from accountant Price Bailey after analysing data from lender the British Business Bank following a Freedom of Information Act request.
The Coronavirus Business Interruption Loan Scheme (CBILS) was closed for new applications on 31 March 2021, and businesses were given a 12-month grace period before having to start making repayments, meaning that a large proportion of bo

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Soaring costs put council road work budgets at risk

15-06-2022 08:08 via constructionenquirer.com

England’s largest councils have warned they will be forced to delay repairs to local roads and infrastructure as spiralling inflation adds over £1.5bn to their costs.
To balance budgets – as they are legally required to – and control costs, councils are warning of a winter of ‘difficult decisions’ ahead.
These could include further unplanned reductions to services and the cancellation or delays to major construction projects such as new roads, amenities and in

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Dozens win £35bn ‘social value enabled’ FM deal

15-06-2022 08:01 via constructionenquirer.com

Forty-four firms have secured places on the Crown Commercial Services’ next-generation facilities management and workplace services framework.
Hailed as a ‘social value enabled’ FM agreement, the new £35bn framework supports the Government’s Sourcing Playbook principles.
This heavily weights ‘quality’ in award criteria and emphasises the importance of social value and optimum pricing for often complex requirements.Facilities Management and Workplac

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