Construction news

• US private equity swoops for Cambridge M&E contractor

  02-09-2022 09:38 via constructionenquirer.com
  Cambridgeshire M&E contractor CPS Building Services has been bought by US private equity group H.I.G. Capital,.
  CPS managing director Liam Connelly will reinvest alongside H.I.G. in the £25m revenue specialist which instals and maintains heating, cooling, ventilation and electrical systems for healthcare, life sciences, defence and education clients
  H.I.G. said it intended to use CPS to form the core of a wider technical building services group by acquiring businesses active in fire pr
  
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• New model insurance clause to clear PII fire safety logjam

  02-09-2022 09:15 via constructionenquirer.com
  Cladding projects on high-rise residential buildings have been boosted by the publication of a new model insurance clause covering fire safety risks.
  The wording has been developed by the International Underwriting Association (IUA) and Government for use in work being completed under the government’s £4.5bn Building Safety Fund.
  The model clause is freely available for use by underwriters looking to provide professional indemnity insurance for building cladding remediation work.Leve
  
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• Balfour sparks secure holiday pay rise

  02-09-2022 08:36 via constructionenquirer.com
  Electricians employed by Balfour Beatty have secured an increase in their holiday pay.
  The 280 sparks will see their holiday pay increase from next year following a campaign by Unite.
  The construction union is now calling on all contractors to follow-suit and boost holiday pay rates “in the spirit” of the Joint Industry Board (JIB) agreement.Balfour electricians currently receive full holiday pay, which is based on average pay for 20 days of annual leave, with the remaining leave (up
  
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• Dazzling sun causes rail repair machines to collide

  02-09-2022 08:13 via constructionenquirer.com
  A report into a collision between two road-rail vehicles in Essex has revealed the crash was caused by the driver being dazzled by bright sunlight.
  The Rail Accident Investigation Branch also found that lessons from a similar earlier accident were not learnt.
  On 2 May 2021 two road-rail vehicles collided while travelling on the same track towards Wickford station from a location of work near Ramsden Bellhouse, Essex.J Murphy & Sons was Network Rail’s principal contractor on the job to
  
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• Ballymore and TfL strike deal to redevelop town centre

  02-09-2022 08:12 via constructionenquirer.com
  Regeneration expert Ballymore and Transport for London’s development arm have struck a deal to redevelop Edgware town centre in North London.
  The 7.5-acre Broadwalk Shopping Centre, acquired by Ballymore in 2020, is key to unlocking the regeneration of the town centre.
  By working with TfL, which owns much of the neighbouring land including the bus station and bus garages, the project will be able to reach its full potential.The development will deliver an improved bus station as well as ga
  
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