Construction news

• Story Contracting names next chief executive

  08-08-2022 09:24 via constructionenquirer.com
  
  Story Contracting has revealed planned changes at the top as it enters its 35-year in business.
  Andy Joy, Story England managing director, will take over as CEO from April next year.
  Joy was recruited to the business with this succession plan in mind, and joined Story last year following a successful career at Amey, responsible for their £400m rail business.He will replace chief executive Jason Butterworth, who is credited with growing the firm from £70m revenue in 2016 to a £2
  
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• Vital funding deal for £50m A38 Midlands upgrade

  08-08-2022 08:35 via constructionenquirer.com
  
  The Governmant awarded £43m in funding to deliver vital upgrade works to the A38 in Worcestershire.
  The package of upgrades known as the Bromsgrove Route Enhancement Programme will tackle congestion, improve local journeys, and support 5,500 new homes in the region as well as more than 1,000 jobs.
  The total cost of the scheme is £50m, with the Department for Transport committing to provide just over £43m and Worcestershire County Council providing the remainder.Worcestershire C
  
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• TopHat cuts losses and aims for profit in three years

  08-08-2022 08:30 via constructionenquirer.com
  
  Volumetric modular house builder TopHat is aiming for “strong profitability” within the next three years as latest results showed a reduction in losses.
  The Goldman Sachs based business saw pre-tax losses for the year to October 31 2021 fall to £19.4m from £21.3m last time as turnover nearly doubled to £12.3m from £6.3m.
  TopHat has been trading since 2016 with shareholders led by Goldman Sachs investing £130m in the business since then.The company said:
  
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• Graham wins £16m National Railway Museum job

  08-08-2022 08:09 via constructionenquirer.com
  
  Graham has been named the prefered bidder for the National Railway Museum’s new Central Hall building at the planned York Central development.
  The firm is understood to have beaten rivals Kier and Tilbury Douglas to the £16m-plus project that will link the museum’s Great Hall and Station Hall.City of York Council also green lighted plans for the new Central Hall, which will kick-start the first phase of the ambitious 45-hectare regeneration site, planned by a development partn
  
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• Bidding starts for Pagabo £1bn medium works deal

  08-08-2022 08:08 via constructionenquirer.com
  
  Pagabo has fired the starting gun on the race to refresh contractor places on its £1bn Medium Works framework.
  The Medium Works framework is one of Pagabo’s most popular and active construction procurement routes for clients with 148 projects having been built through it to date.
  The next-generation framework will this time be broken up into four value lots rather than three, after the addition of a new smaller project lot to encourage smaller firms.National Framework for Medium Work
  
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• Stalled £100m North London build-to-rent tower to start

  08-08-2022 00:33 via constructionenquirer.com
  
  Developer Essential Living is resurrecting controversial plans to build a 24-storey flats scheme above Swiss Cottage Tube station in London.
  The decision ends nearly a decade of planning and delays after the developer received planning in 2016 but then went back to the drawing board arguing the affordable housing requirements made the scheme uneconomic.
  Now Essential Living is back after losing its fight at the start of the year to revise the 100 Avenue Road scheme.It now plans to start the orig
  
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