Construction news

• Investor steps-in to save stricken Brymor Construction

  08-07-2022 19:07 via constructionenquirer.com
  
  Investment company Portchester Equity has stepped-in to acquire the assets and business of the Brymor Group.
  The Enquirer revealed last week that Brymor Construction had told subcontractors to stop work on sites and filed a letter of intent to enter administration in the High Court.
  A statement from Hampshire based Portchester Equity said: “Portchester Equity is pleased to announce it has today acquired the assets and business of the Brymor Group – including Brymor Construction Limit
  
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• £54bn needed to upgrade grid for offshore wind expansion

  08-07-2022 09:30 via constructionenquirer.com
  
  Up to £54bn will have to be invested in new power grid infrastructure to deliver the government’s target to increase offshore wind generation capacity to 50GW by 2030.
  The vast increase in investment in the power grid has been set out by National Grid’s energy system operator (ESO) in its Holistic Network Design report.
  The report compiled with help from Atkins and WSP sets out the scale of the challenge the industry faces over the next eight years to meet the planned ramping u
  
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• Vistry exceeds first half trading expectations

  08-07-2022 09:01 via constructionenquirer.com
  
  Private and partnership homes builder Vistry is reporting bumper first-half trading with the firm expected to exceed profit targets.
  In a trading statement ahead of reporting interim results Vistry this morning reported strong demand fueling price increases of 5% to 8% on private homes.
  Greg Fitzgerald, chief executive, said that price increases continued to offset cost increases in the period.He said: “Overall, we continue to expect to see build cost inflation for 2022 in the region of 6%
  
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• Roofer settles legal claim with Engie over care home repairs

  08-07-2022 08:59 via constructionenquirer.com
  
  North east based specialist Springs Roofing Limited has settled a legal claim with Engie Regeneration (FHM) Limited following a dispute over roof repairs to eight care homes.
  Springs was hit with a claim for £1.9m last December related to roofing work undertaken over a two-year period from April 2009 to March 2011 on eight separate care home properties. 
  Engie had experienced performance issues with various aspects of the buildings, including their roof coverings, and subsequently emp
  
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• Failed Kershaw workers raid rival’s site container

  08-07-2022 08:23 via constructionenquirer.com
  
  A subcontractor owed more than £500,000 following the collapse of Kershaw Mechnical Services had to watch helplessly as £200,000 worth of materials disappeared from its site container on a £100m Vinci student accommodation job in east London.
  Global MEP Limited director Danny Longland has been left fuming at his treatment on the prestige job.Global started working on a £1.8m subcontract for Kershaw in March 2021 but left the job last December following a row over payments
  
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• Failed Kershaw staff raid rival’s site container

  08-07-2022 08:23 via constructionenquirer.com
  
  A subcontractor owed more than £500,000 following the collapse of Kershaw Mechnical Services had to watch helplessly as £200,000 worth of materials disappeared from its site container on a £100m Vinci student accommodation job in east London.
  Global MEP Limited director Danny Longland has been left fuming at his treatment on the prestige job.Global started working on a £1.8m subcontract for Kershaw in March 2021 but left the job last December following a row over payments
  
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• BAM UK profit soars 75% to £47m

  08-07-2022 08:09 via constructionenquirer.com
  
  Pre-tax profit as BAM’s civil and construction businesses in the UK rebounded strongly last year jumping by around 75% to £47m.
  The strong business recovery saw revenue also jump by a fifth to almost £2bn, with orders topping £5bn for the first time.
  John Wilkinson, chief operating officer for BAM UK and Ireland, said: “2021 was the first year of Royal BAM Group’s three-year strategic plan to create a more predictable, profitable and sustainable company, and t
  
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• Plans in for £75m Southport waterfront events centre

  08-07-2022 08:08 via constructionenquirer.com
  
  Sefton Council submitted a detailed planning application for its £75m Southport waterfront conference and events centre.
  The 1200-seater Marine Lake Events Centre is expected to bring more than half a million visitors to Southport year on year, while generating an annual £18m for the local economy.
  The new development will also provide theatre space, alongside conference and exhibition space to accommodate a wide range of events, and café and signature restaurant.The plans als
  
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