Construction news

• Winvic wins Bristol Redcliff Quarter 468 flats job

  24-06-2022 07:51 via constructionenquirer.com
  
  Grainger has appointed Winvic to deliver the second phase of the Redcliff Quarter build to rent flats project in Bristol.
  The UK’s largest listed residential landlord has bought the planned scheme in a £128m forward funding deal from previous developer team ICG Real Estate and Madison Cairn.
  The change in ownership also brings a change in contractor. Under the original developer, McAleer & Rushe looked set for the job after being involved in the pre-construction phase drawing up
  
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• Imtech vows to avoid big resi jobs after return to profit

  24-06-2022 07:40 via constructionenquirer.com
  
  EDF-owned building services contractor Imtech returned to profit last year and is now targeting £600m revenue for 2022.
  The forecast of a strong year ahead follows a restructure of the main engineering services division and recovery from legacy contracts.
  Revenue grew in 2021 by just over a quarter to £562m generating a modest pre-tax profit of £3.9m, after its £27m loss in the previous year.
  Most of the growth came from engineering services where revenue jumped by over &
  
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• Peel takes on Wirral Waters after Urban Splash modular collapse

  24-06-2022 07:34 via constructionenquirer.com
  
  Developer Peel has taken control of the East Float housing project on Wirral Waters which was plunged into crisis when modular specialist House by Urban Splash fell into administration last month.
  Peel will continue with the existing site contractor to finish phase one of the project. It will also now review construction methods for phase 2 and could return to traditional house building methods.
  Richard Mawdsley, Director of Development for Peel L&P’s Wirral Waters, said: “Our co
  
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• Ten demolition firms named in cartel probe

  24-06-2022 03:14 via constructionenquirer.com
  
  Cartel busters at the Competition and Markets Authority  (CMA) have provisionally found that ten construction firms illegally colluded to rig bids for demolition and asbestos removal contracts.
  The bid-rigging investigation relates to 19 contracts worth over £150m.
  Following an investigation launched in 2019, the CMA has provisionally concluded that the firms colluded on prices through illegal cartel agreements when submitting bids in competitive tenders for contracts.These bids were
  
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• Ten demolition firms found guilty in cartel probe

  24-06-2022 03:14 via constructionenquirer.com
  
  Cartel busters at the Competition and Markets Authority  (CMA) have provisionally found that ten construction firms illegally colluded to rig bids for demolition and asbestos removal contracts.
  The bid rigging investigation relates to 19 contracts worth over £150m.
  Following an investigation launched in 2019, the CMA has provisionally concluded that the firms colluded on prices through illegal cartel agreements when submitting bids in competitive tenders for contracts.These bids were
  
  Read more

• Ten demolition firms face fines after cartel probe

  24-06-2022 03:14 via constructionenquirer.com
  
  Cartel busters at the Competition and Markets Authority  (CMA) have provisionally found that ten construction firms illegally colluded to rig bids for demolition and asbestos removal contracts.
  The bid rigging investigation relates to 19 contracts worth over £150m.
  Following an investigation launched in 2019, the CMA has provisionally concluded that the firms colluded on prices through illegal cartel agreements when submitting bids in competitive tenders for contracts.These bids were
  
  Read more

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