Construction news

• Tender price inflation to fall back to 2.5%

  12-01-2023 23:32 via constructionenquirer.com
  Mace has called time on rampant tender price inflation after it soared to an estimated 8% last year amid deepening concern about the impact a big fall in house building will have on the industry in 2023.
  In its second downward revision for this year, tender price rises are now expected to rebalance at around 2.5%, down from the 5.5% high for 2023 predicted last Spring.
  Mace’s cost consultancy market report was downgraded to take account of headwinds from the Bank of England’s interes
  
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• Countryside gets go-ahead for London suburb estate rebuild

  12-01-2023 16:27 via constructionenquirer.com
  Countryside Partnerships and housing association Riverside have secured planning permission to redevelop the Calverley Close estate in the London suburb of Beckenham.
  The estate rebuild, which will be phased over 10 years, will see 275 new homes, comprising 96 homes available to buy and 179 affordable homes for the estate’s existing residents.
  With planning permission now granted, works will start on the site in spring 2023, with construction due to commence in October 2023.With planning
  
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• Persimmon pauses the start of around 30 sites as sales fall

  12-01-2023 09:49 via constructionenquirer.com
  House builder Persimmon has renegotiated or paused starts on 30 sites amid fast-deteriorating sales.
  In an end of year trading statement, the firm warned that reservation rates on site had seriously fallen in the final months of the year.
  Persimmon said it has launched several initiatives to stimulate demand, including the recent launch of a “10 months mortgage free” customer offer, which generated a strong increase in website enquiries in its first week.But the house builder warned
  
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• Persimmon pauses start on 30 sites as sales fall

  12-01-2023 09:49 via constructionenquirer.com
  House builder Persimmon has renegotiated or paused starts on 30 sites amid fast-deteriorating sales.
  In an end of year trading statement, the firm warned that reservation rates on site had seriously fallen in the final months of the year.
  Persimmon said it has launched several initiatives to stimulate demand, including the recent launch of a “10 months mortgage free” customer offer, which generated a strong increase in website enquiries in its first week.But the house builder warned
  
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• US contractor opens dedicated UK construction group

  12-01-2023 09:12 via constructionenquirer.com
  Engineering and construction firm Burns & McDonnell is expanding its construction presence in the UK, opening a dedicated construction group to serve the wider market.
  The plan to double the size of the business this year builds upon the existing construction services being provided to National Grid.
  The Birmingham-based business will continue to offer EPC services, with the newly-formed construction group now seeking to deliver multiple services to the UK energy and low carbon infrastructur
  
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• Octavius Infrastructure rejigs leadership

  12-01-2023 08:42 via constructionenquirer.com
  Octavius Infrastructure has rejigged its senior management structure to create leads for key business streams.
  With immediate effect, Gavin Pritchard becomes managing director of Octavius’ Highways and Matt Smith managing director of the Rail.
  (L-r)Gavin Pritchard was previously commercial director at while Matt Smith was operations director.
  Both new roles will report directly to John Dowsett, CEO, and both retain their Exec and Octavius Infrastructure Board responsibilities.John Dowsett
  
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• Subcontractors wanted for sites across Birmingham

  12-01-2023 08:33 via constructionenquirer.com
  Subcontractors and suppliers will get a chance to pitch for work across the region as Constructionline brings its Meet the Buyer programme to Birmingham next month.
  A hot of big names will be looking to boost their supply chains at the event at Villa Park on Wednesday February 8.
  Major companies looking for new suppliers will include VINCI, Balfour Beatty, Wates SES Engineering Services and Amey Defence Services.Tickets are available to Constructionline members, and you can register here.
  
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• Wolseley Group to acquire aircon firm Kooltech

  12-01-2023 08:19 via constructionenquirer.com
  Building materials supplier Wolseley Group has signed a deal to buy air conditioning and ventilation products distributor Kooltech.
  Kooltech will remain a standalone business and brand headquartered in Glasgow and its senior management team will continue to lead the company.
  Latest results for the year to October 31 2021 show Kooltech had a turnover of £45.7m generating a pre-tax profit of £3.5m while employing 102 staff.Jonathan Brown, Commercial Director of Kooltech, said: “W
  
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• Vistry go-ahead for East London 100 flats scheme

  12-01-2023 08:05 via constructionenquirer.com
  Regeneration specialist Vistry Partnerships has got the planning green light for 100 affordable flats next to Barkingside Tube station in East London.
  The firm has been working with housing association, Peabody, and Transport for London commercial property firm to bring forward the project.
  Delivered across three buildings, the new homes will be a mixture of one-, two-, and three-bedroom properties and provide a mixture of both shared ownership, which offers an affordable route into homeownershi
  
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• Construction to escape with shallow recession in 2023

  12-01-2023 00:41 via constructionenquirer.com
  Crystal ball gazers are forecasting a 1.7% dip in construction activity this year before the industry returns to modest growth in 2024.
  The strength of the wider economic headwinds has seen Experian’s construction forecasting unit downgraded its latest workload predictions.
  But its economists are still predicting a relatively shallow recession with inflation, higher borrowing costs and labour rate rises expected to fade next year allowing construction to ease back into modest 1.1% growth i
  
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• Construction heading for shallow recession in 2023

  12-01-2023 00:41 via constructionenquirer.com
  Crystal ball gazers are forecasting a 1.7% dip in construction activity this year before the industry returns to modest growth in 2024.
  The strength of the wider economic headwinds has seen Experian’s construction forecasting unit downgrade its latest workload predictions.
  But economists are still predicting a relatively shallow recession with inflation, higher borrowing costs and labour rate rises expected to fade next year allowing construction to ease back into modest 1.1% growth in 202
  
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