Construction news

• Vistry asks subcontractors to knock 10% off bills

  09-10-2023 23:46 via constructionenquirer.com
  
  Vistry has written to subcontractors asking them to take a 10% pay cut on existing contracts.
  The house builder confirmed the contents of a letter recently sent to its supply chain but declined to comment further on the move.
  Vistry announced a dramatic switch in its business model last month to become a partnerships-only housing business.Chief executive Greg Fitzgerald pledged to return £1bn to shareholders over three years as assets are released from the traditional house building divisi
  
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• Labour to put major project spending under microscope

  09-10-2023 15:27 via constructionenquirer.com
  
  Shadow Chancellor Rachel Reeves has vowed to cut overspending on major infrastructure projects.
  Reeves highlighted the HS2 saga as an example of the Conservative’s failure on handling major projects and confirmed an independent enquiry into the scheme’s problems.
  She said: “By the time the government even recognised they had a problem, the project was already £30 billion over budget. How was it ever allowed to get to that point?“If I were in the Treasury, I would ha
  
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• Target to slash costs by third on £1.2bn Midlands rail upgrade

  09-10-2023 09:10 via constructionenquirer.com
  
  Network Rail has set fresh challenging targets to slash electrification costs on the next phase of the Midland Main Line upgrade project.
  The rail infrastructure company has just started the hunt for four key partner contractors to deliver the next £1.2bn upgrade from Wigston and Nottingham out to Sheffield.
  A key objective is to use its SPEED principles and incentives to drive down the spend per single track kilometre on the electrification project.Using these, the recently commissioned L
  
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• Labour vows to “get Britain building again”

  09-10-2023 08:45 via constructionenquirer.com
  
  Labour is vowing to overhaul the planning system in a bid to “get Britain Building again”.
  Shadow chancellor Rachel Reeves will unveil the party’s plans at the Labour conference in Liverpool today.
  Proposals are expected to include updating all national policy statements and detailing what types of projects the country needs within the first six months of Labour entering office.Planning applications would be fast-tracked for projects like battery factories, laboratories and 5G
  
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• Partner wanted for 1,200-home London riverside scheme

  09-10-2023 08:23 via constructionenquirer.com
  
  Housing association Hyde Group has started the hunt for a joint venture partner to build more than 1,200 homes on an 10-acre industrial site overlooking the Thames Barrier in East London.
  The Herringham Quarter scheme, within the Charlton Riverside Opportunity Area on the southern bank of the Thames, will deliver 40% affordable homes together with commercial and employment spaces.
  The land is owned by the London Homebuilding Partnership LLP, a wholly-owned subsidiary of the Hyde Group.
  Planned H
  
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• Hercules signs five-year labour deal with Balfour rail

  09-10-2023 08:20 via constructionenquirer.com
  
  Hercules Site Services has been awarded a five-year contract to provide Balfour Beatty Rail Limited with labour during Control Period 7.
  The deal marks the launch of a new division within Hercules’ business focused on specialist rail labour on live track to clients.
  CP7 is a £44 bn, five-year plan for the railway in England and Wales, which will run from 1 April 2024 to 31 March 2029.Balfour Beatty Rail has been awarded major contracts during CP7 to deliver work on behalf of Network
  
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• Developer fined for breaching conditions of bat licence

  09-10-2023 08:10 via constructionenquirer.com
  
  A Derby-based property developer has been ordered to pay a total of £14,435.17 in a prosecution brought by Natural England for breaching the conditions of a European Protected Species Bat Mitigation Licence.
  Patrick Weekes, aged 55, of Radbourne Construction Limited, Derby, pleaded guilty to four offences at Southern Derbyshire Magistrates’ Court relating to a housing development in Harehill, near Ashbourne, Derbyshire.
  He was fined £3,200 plus a victim’s surcharge of &po
  
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• Bouygues UK sinks to £42m loss in challenging year

  09-10-2023 01:05 via constructionenquirer.com
  
  Building safety provisions and contract losses due to cost inflation, labour shortages and subcontract failures combined to see Bouygues UK sink to a £42m loss last year.
  The firm, which works on an array of projects from HS2 and Hinkley Point C to major hospitals and housing projects, also reported turnover down by a fifth to £383m in the year to the end of 2022.
  The hit saw French parent company inject £47m into the business last December.
  Among a £21m bundle of provisi
  
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