Construction news

• Inland Homes warns of possible loan covenant breach

  30-08-2023 22:23 via constructionenquirer.com
  
  Cash-strapped house builder and brownfield developer Inland Homes has warned that it is possible the firm will breach a loan convenant.
  The south east developer is considering possible provisions to be made against certain asset values in its accounts with its auditors.
  This follows a tightening up of its corporate procedures after an independent report by accountant FRP Advisory discovered “significant and repeated failures’ in previous board level corporate governance.
  While the am
  
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• Kier, Laing O’Rourke and Wates bag £225m MoJ deal

  30-08-2023 09:25 via constructionenquirer.com
  
  Kier, Laing O’Rourke and Wates have been appointed by the Ministry of Justice to provide up to 1,200 new prison places across the UK with a focus on safety, security and rehabilitation.
  The latest deal builds on the success of the MoJ’s pioneering Alliance model.
  The three teams will immediately commence an intensive preconstruction period.
  Construction work is anticipated to begin in 2024, with the new houseblocks set to be operationally ready from 2025.In addition to this latest pr
  
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• Further £341m released to make Sizewell C ‘shovel ready’

  30-08-2023 09:05 via constructionenquirer.com
  
  The government has released another £341m to prepare the Sizewell C nuclear power station project for construction.
  The extra money from allocated funds will help prepare the site for construction, procure key components from the project’s supply chain and expand its workforce.
  Activity will ramp up at the Suffolk site supporting continued preparation works including constructing onsite training facilities for 1500 apprenticeships, further development of the plant’s engineering
  
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• United Utilities race for £6bn build-only framework

  30-08-2023 08:46 via constructionenquirer.com
  
  United Utilities has started the hunt for contractors to deliver build-only projects for a programme worth £6bn over 10 years.
  The build-only framework is split into two key lots covering essentially new treatment works and new pipeline work.
  The north west water company’s AMP8 and AMP9 investment plans are set to be significantly larger than in previous years.The framework is the second of five distinct delivery runways to deliver its 10-year programme that could be worth around &po
  
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• Higgins lands £176m Peckham estate revamp

  30-08-2023 08:30 via constructionenquirer.com
  
  Southwark Council has selected Higgins Partnerships as its development partner for a two-phase £176m regeneration of Ledbury Estate in Peckham.
  Four existing blocks were identified as ‘having serious structural and fire safety issues’ by the council.
  They will be replaced with a new development of 340 mixed tenure homes set within six blocks ranging from five to 22 storeys in height plus a community centre and a multi-use games area plus wider estate improvement works.Cllr Hele
  
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• Plans in for £24m new Oldham theatre

  30-08-2023 08:28 via constructionenquirer.com
  
  Plans have now been submitted for Oldham’s new £24m theatre, set to be a new home for the Coliseum at the heart of the town’s new cultural quarter.The theatre is set to be created in the historic Friends Meeting House and former Post Office, close to Gallery Oldham.
  Plans include a main auditorium seating more than 300 people, a 120-seat studio theatre, an education suite, and all-day café bar areas, which can also be used as additional performance spaces.The design team
  
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• Scrapping of EU pollution rules to unlock 140,000 homes

  30-08-2023 08:15 via constructionenquirer.com
  
  House builders have welcomed the government’s plan to scrap nutrient neutrality rules that have stalled construction of thousands of new homes.
  Currently, legacy EU laws on nutrient neutrality are blocking the delivery of new homes, including cases where planning permission has already been granted.
  Announcing plans to scrap the ‘defective’ EU laws, Levelling Up, Housing and Communities secretary, Michael Gove said: “The way EU rules have been applied has held us back.&ld
  
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• ‘Mature’ talks with clients help McGee minimise risks

  30-08-2023 08:05 via constructionenquirer.com
  
  “Mature discussions” with clients about material price rises enabled specialist engineering contractor McGee to protect its profits despite rampant inflation.
  Latest results for the firm for the year to November 30 2022 show pre-tax profits steady at £6.1m from £6m last time despite a dip in turnover to £83.3m for £92.2m.
  The company said: “Despite a challenging macro-economic environment, McGee delivered a strong performance in FY2022, highlighting its
  
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