Construction news

• Bristol Arena bosses in contractor talks as opening delayed

  16-01-2023 16:43 via constructionenquirer.com
  A new £155m arena in Bristol will not open until late 2025 at the earliest.
  The delay was confirmed by bosses at the YTL Arena Bristol who are now entering the final stages of design and talking with major contractors.
  CEO of developer YTL Andrew Billingham said work has begun on key pieces of infrastructure required including new road connections, establishing new power supplies and site preparation works.The arena was due to open this year.
  Billingham said: “Given delays resulting
  
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• Inland Homes CEO quits after five weeks

  16-01-2023 16:28 via constructionenquirer.com
  The new chief executive of AIM-listed Inland Homes has suddenly left the house builder after five weeks.
  Donagh O’Sullivan has resigned from Inland with immediate effect by mutual agreement.
  The former Galliard Homes chief executive took the helm at the south east house builder in early December, replacing founder Stephen Wicks who retired at the end of September 2022.O’Sullivan was in the middle of a strategic review of Inland Homes, which was due to be unveiled before April 2023.
  A
  
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• Navy commodore joins Costain as defence & nuclear chief

  16-01-2023 15:15 via constructionenquirer.com
  Former Royal Navy commodore Bob Anstey has joined Costain to lead the newly-combined Defence and Nuclear businesses.
  He becomes director of the firm after a 36-year naval career.
  During his time at sea, he completed strategic deterrent submarine patrols, while onshore he was focused on training, capability management and support to operations.
  His last role was as Commander of the Clyde naval base.Natural resources managing director Sam White said: “Ensuring long-term, low carbon, energy r
  
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• HS2 powers listed labour supplier to record turnover

  16-01-2023 09:28 via constructionenquirer.com
  AIM-listed labour supply agency Hercules Site Services has delivered record revenue up by a half to nearly £50m.
  The firm, which floated on the stock market last February, said that revenue grew sharply as work ramped up on the northern sections of HS2 Phase 1.
  Pre-tax profit following investment in plant and one-off flotation costs, was down at £161,000 from £515,000 previously.Following investment using some of the £4m proceeds from the listing, Hercules now owns a flee
  
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• Project Bank Accounts to protect more roads suppliers

  16-01-2023 09:02 via constructionenquirer.com
  National Highways is extending Project Bank Accounts to protect more smaller subcontrators on roads jobs.
  All tier 1 contractors and tier 2 subcontractors will become automatic beneficiaries on new contracts.Project Bank Accounts (PBA) were first introduced in 2012 to ensure monies are held in trust in the event of lead contractor insolvency.
  National Highways payments are made down to tier 2 level in 18 days on average – well ahead of industry norms.Lloyd Biddell, Head of Cost Intelligenc
  
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• Laing O’Rourke on track for £300m Oxford campus job

  16-01-2023 09:02 via constructionenquirer.com
  Laing O’Rourke looks on track to secure a £300m construction job for a new cancer research campus in Oxford.
  The firm has signed off a preconstruction services agreement to build the proposed new 300,000 sq ft Ellison Institute for Transformative Medicine research campus.
  The institute is backed by the world’s seventh richest man Lawrence Joseph Ellison who founded the Oracle Corporation.The Los Angeles-based cancer research institute plans to establish a UK base and has submit
  
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• Caddick gets green light for Liverpool logistics hub

  16-01-2023 08:50 via constructionenquirer.com
  Caddick Developments has been granted planning consent for three new logistics units at Knowsley Park in Merseyside.
  The site is an extension to Knowsley Industrial Estate which is currently home to major organisations including Amazon, Matalan and Kammac.
  The scheme will provide a total of 157,500 sq ft of logistics space across three units constructed to a BREEAM excellent standard with electric vehicle charging points, air source heat pumps and PV panels.Tom Park, Senior Development Manager a
  
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• Cala to boost site starts as rivals pause build plans

  16-01-2023 08:11 via constructionenquirer.com
  Cala Group is planning to start work on more housing sites this year than last despite wobbles in the housing market.
  Rivals inlcuding Persimmon and Barratt have recently revealed plans to pause work on sites and slow down new building rates.
  But Cala said it plans to start work on 29 new sites or work phases this year compared to 20 in 2022.The news comes as Cala revealed a strong set of preliminary results for last year with turnover up to £1.36bn from £1.24bn last time as pre-tax
  
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