Construction news

• Speedy rules out fraud after £20m of kit goes missing

  18-05-2023 18:08 via constructionenquirer.com
  
  Speedy has ruled out fraud following an investigation after £20m of kit was discovered “missing” earlier this year.
  The hire giant launched a probe in February after a count-up of its kit revealed a £20.4m stock deficit in smaller site items like scaffolding towers, fencing and non-mechanical plant.
  In its latest update Speedy said: “Following completion of the investigation the Board has concluded that the issue resulted from problems with the company’s contr
  
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• Go-ahead for major Nottingham bioscience project

  18-05-2023 12:06 via constructionenquirer.com
  
  Developer Conygar has secured planning for a major bioscience facility at Nottingham’s Island Quarter.
  Two buildings connected at the upper levels by glazed link will provide 245,000 sq ft of laboratory and office space.
  Designed by CPMG Architects, the Poplar Street project is subject to the documenting of the section 106 agreement.Robert Ware, Chief Executive of Conygar, said: “We are delighted that the next phase of development has been approved.
  “Nottingham is already home
  
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• Breedon swoops for roads surfacing contractor

  18-05-2023 10:10 via constructionenquirer.com
  
  Aggregates giant Breedon has bought Lincolnshire-based surfacing and civil engineering firm, Minster Group.
  Founded in Lincoln in 1999, Minster works for the Ministry of Defence resurfacing runways and airfields for the RAF as well as repairing roads across Lincolnshire, Shropshire, Cambridgeshire, Hampshire, Oxfordshire and London.
  The majority stake in Minister includes civil engineers Minster Surfacing and Alliance Recycling.The deal will enable Breedon to grow its presence in the East of Eng
  
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• LSE plans £400m London flagship student hall scheme

  18-05-2023 08:38 via constructionenquirer.com
  
  The London School of Economics is advancing plans to build a flagship halls of residence on London’s Bankside.
  It is understood to be planning to demolish existing Bankside House halls next to the Tate Modern gallery to make way for a larger complex.
  The university revealed the plan as it launched the hunt for a joint venture development partner to steer the plans for the £400m project.
  Plans remain sketchy but it is understood the new student accommodation complex will need to be de
  
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• HS2 job cuts continue as another section delayed

  18-05-2023 08:35 via constructionenquirer.com
  
  Workers on another major section of HS2 in the Midlands are being stood down as rephasing of the route continues to put hundreds of jobs in jeopardy.
  Site sources told the Enquirer that workers on the Balfour Beatty Vinci section between Birmingham and Litchfield were told this week that non-critical works are being brought to a “safe stop” on the route.
  One said: “The workforce was given notice this week that resources will be reduced over the coming weeks on the jobs known as
  
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• Fire safety provisions push Durkan to £9.3m loss

  18-05-2023 08:16 via constructionenquirer.com
  
  South East housing contractor and developer Durkan plunged to a £9.3m pre-tax loss last year after provisions for legacy fire safety remediation works.
  The business also experienced margin and turnover decline at an operational level due to economic headwinds.
  Group turnover of £132m (2021:£137.5m) fell short of initial forecasts for the year with delays to project start dates due to cost inflation pressures and programme movements.
  Durkan also took the decision not to progress
  
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• Civils firms warn over drop in roads and prelim workloads

  18-05-2023 00:30 via constructionenquirer.com
  
  Civils contractors are reporting cooling workloads in the roads and preliminary housing works sectors after several years of roaring growth.
  While the civils sector experienced its 10th consecutive quarter of growth this year, according to the latest workload survey by trade body CECA, the slump in new housing and motorway work is sounding early alarm bells.
  CECA chief executive Alasdair Reisner said evidence of falling orders for traditional bellwethers for civil engineering activity should con
  
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