Construction news

• SME contractors agree 4% pay rise for site workers

  14-06-2024 15:43 via constructionenquirer.com
  
  Employers and unions have agreed a 4% pay rise for construction workers under the Building and Allied Trades Joint Industrial Council (BATJIC) agreement.
  The one year will come into effect from Monday 17 June 2024 and workers employed by small builders will also get an extra day of holiday.
  Brian Berry, Chief Executive of the FMB, said:  “This year’s agreement represents a fair rise in the wage rates for the nation’s small builders, following another year of inflated price
  
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• Geoffrey Osborne supply chain hit for £26m

  14-06-2024 13:15 via constructionenquirer.com
  
  Geoffrey Osborne went under owing subcontractors and suppliers £25.86m.
  More than 500 firms were left holding unpaid invoices when the famous industry name went into administration last month.
  The scale of the firm’s debts have been revealed in an update from administrator RSM filed at Companies House.Total debts at the time of Osborne’s collapse were £45m with cash also outstanding to HMRC, sister companies and Osborne employees.
  Geoffrey Osborne’s demise followed
  
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• Plan approved for 8,500-seat Edinburgh indoor arena

  14-06-2024 09:25 via constructionenquirer.com
  
  Plans to build an 8,500-capacity indoor arena on the outskirts of Edinburgh have got the planning thumbs up.
  Entertainment giants AEG estimated the project to be built at Edinburgh Park will cost around £80m.
  Edinburgh Park Arena will be privately funded and AEG Europe said it was now finalising funding partners to bring their vision for a new home for life music in Edinburgh to life.
  Once an external contractor has been appointed and financed raised, construction is proposed to begin in 2
  
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• Labour to mothball £320m A27 job to fix potholes

  14-06-2024 08:41 via constructionenquirer.com
  
  Labour has confirmed it would can the £320m Arundel Bypass scheme in West Sussex to help fund its plan to accelerate the pothole-fixing programme nationally.
  A consortium of Bam Nuttall, Aecom and Mace was awarded the project back in 2021, with the aim of starting construction last year, but the Government pushed the scheme back to RIS3 as part of a previous roads programme review.
  Now Labout has confirmed it would defer the scheme further after branding it ‘poor value for money&rsqu
  
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• Lendlease’s £1.9bn Smithfield Birmingham scheme approved

  14-06-2024 08:02 via constructionenquirer.com
  Ambitious plans to build more than 3,000 homes, offices and shops in the heart of Birmingham have been approved.
  The £1.9bn Birmingham Smithfield scheme, which is being developed by Lendlease in joint venture with Birmingham City Council, aims to regenerate a 17-hectare site around the historic Bullring Markets.
  According to the partners, work will now start on the site later this year.But a question remains around Lendlease’s degree of involvement going forward following its decisio
  
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