Construction news

• £10bn fusion reactor job to come to market in December

  24-08-2022 08:56 via constructionenquirer.com
  
  The UK Atomic Energy Authority has put the market on standby for the invitation to tender for construction and engineering partner roles on the UK’s first prototype fusion energy powerplant.
  The project is expected to cost around £10bn and the UKAEA will begin tendering in December for separate strategic engineering and construction partners.
  This appointed team will work collaboratively with UKAEA, under joint incentivisation mechanisms to be developed on the  STEP (Spherical T
  
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• Cladding specialist Vivalda latest to help staff with rising costs

  24-08-2022 08:46 via constructionenquirer.com
  
  Cladding distributor Vivalda Group is the latest firm to help its staff with the cost of living crisis by handing employees £1,000 to help pay rising bills.
  The £40m turnover Vivalda Group employs 150 people who will each receive the financial support in four monthly payments of £250 starting this month.
  Founder and chairman Peter Johnson said: “My staff are dedicated and hard-working, with a growing number giving over twenty year’s loyal service; the idea of even o
  
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• Inflation busting contract clauses help boost Costain profits

  24-08-2022 08:37 via constructionenquirer.com
  
  Costain enjoyed another jump in pre-tax profits during the start of this year as inflation recovery mechanisms built into its contracts offset the impact of rising prices.
  Pre-tax profits during the six months to June 30 2022 hit £11.2m from £9.1m last time as turnover rose to £665.2m from £556.8m.
  Tighter tendering and risk controls alongside inflation contract clauses paid-off for Costain as operating margins stayed steady at 2.1%.Alex Vaughan, Chief Executive Officer,s
  
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• Skanska wins £345m A46 Newark Bypass

  24-08-2022 08:00 via constructionenquirer.com
  
  Skanska has signed a contract with National Highways to upgrade a 6.6km stretch of the A46 Newark Bypass in the Midlands
  Work £345m, the project will deliver a dual carriageway A46 Bypass, providing two lanes in each direction, between the Farndon and Winthorpe junctions.
  Skanska will now begin design works and subject to development consent being granted, work on site will start in 2025 for opening to traffic in 2028.Works will also include the construction of a new five-arm roundabout at
  
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• Report filed on directors at collapsed contractor Midas

  24-08-2022 07:54 via constructionenquirer.com
  
  Administrators of collapsed contractor Midas Construction have sent a report to the government on the conduct of the firm’s directors in the run-up to its failure.
  Teneo Financial Advisory confirmed to Devon Live that a statutory report has been sent to the Insolvency Service which will decide if any action is taken against the former bosses.
  Administrators must report on the conduct of directors under the Company Directors Disqualification Act. The Teneo report covers the three years lead
  
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• Go-ahead for £160m family rental housing scheme

  24-08-2022 06:47 via constructionenquirer.com
  
  The UK’s first purpose-built and designed single-family rental housing platform, Present Made, has secured planning approval for its debut development.
  Located in Eddington,  Cambridge, the £160m scheme has been designed by Jo Cowen Architects and will form a key part of the University of Cambridge’s North West Cambridge development plan.
  Present Made will develop, own and operate 373 sustainable rental homes, including the UK’s first family houses to be designed and
  
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• ISG, Lendlease and Mace chase £429m Fleet Street job

  24-08-2022 01:26 via constructionenquirer.com
  
  Erith has started demolition of the iconic former Daily Express building to prepare the ground for a £429m office project on the Fleet Street site in London.
  Hong Kong developer Chinese Estates Holdings plans to build a 21-storey high rise in its place providing 540,o00 sq ft of office space and approximately 19,000 sq ft of retail space.
  ISG, Lendlease and Mace are understood to be in the race for the flagship build project, which will start construction next summer when demolition is com
  
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• Erith starts demolition for £429m Fleet Street job

  24-08-2022 01:26 via constructionenquirer.com
  
  Erith has started demolition to prepare the way for the redevelopment of iconic former Daily Express building with a £429m office project on the Fleet Street site in London.
  Hong Kong developer Chinese Estates Holdings plans rejuvenate the listed former Daily Express newspaper headquarters on Fleet Street and build new stepped 21-storey office building at the site of the adjacent River Court building.
  ISG, Lendlease and Mace are understood to be in the race for the 600,000 sq ft flagship b
  
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