Construction news

• ISG collapse brings down glazing contractor

  08-11-2024 15:49 via constructionenquirer.com
  
  Administrators called-in at Vitrine Systems Limited have blamed the collapse of ISG for the demise of the architectural and structural glazing specialist.
  Experts from business advisory firm Quantuma said Surrey-based Vitrine Systems “entered administration as part of the fallout from the ISG administration.”
  They added: “This resulted in a large bad debt which effected viability of the company, as well as lost projects and pipeline.”Vitrine Systems employed a team of 23
  
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• Cost of HS2 bat shed hits £100m

  08-11-2024 15:27 via constructionenquirer.com
  
  The cost of building a bat protection tunnel structure on a stretch of the HS2 route in Buckinghamshire has risen to £100m.
  The arched structure spanning four tracks – two HS2 lines as well as two East West Rail lines – was originally budgeted at £40m when procurement started three years ago.
  But HS2 chairman Sir John Thompson confirmed the building he referred to as a “shed” will now cost £100m.Sir John told a rail industry conference this week: “
  
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• United Utilities hunts for ground investigation specialists

  08-11-2024 09:24 via constructionenquirer.com
  
  United Utilities has opened bidding for a £170m framework to deliver a programme of ground investigation work.
  Selected firms will support a programme of works for the AMP8 and AMP9 regulatory periods.
  The framework covering the north west region is being split into several specialist lots with the typical ground investigation call-off job expected to be worth £60,000 to £1.8m.
  Specialist lots
  Ground investigation: value £150m
  Offshore geophysical services: value £5
  
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• Subcontractors wanted across the North West

  08-11-2024 09:10 via constructionenquirer.com
  
  Constructionline is bringing its latest Marketplace Live event to Manchester next week to put local subcontractors and suppliers in touch with major buyers.
  The event is being held at Emirates Old Trafford Cricket Ground, home of Lancashire County Cricket Club, on Wednesday November 13.
  The event, previously known as ‘Constructionline Meet the Buyer’, features a number of the UK’s top contractors, public sector authorities and other organisations.Exhibitors will include Amey, B
  
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• Vistry takes another £50m hit on build cost blunders

  08-11-2024 08:46 via constructionenquirer.com
  
  Vistry has issued another £50m profit warning after discovering more under-estimated build costs at its southern division.
  The house builder issued a £115m profit warning last month after problems first came to light on nine schemes in the region.
  Vistry launched a review across the whole business and issued another Stock Exchange statement this morning.It has found more issues in the division across 18 sites which will impact profits by a further £50m over the next three years
  
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• JRL close to deal on sale of stake to Far Eastern buyer

  08-11-2024 08:36 via constructionenquirer.com
  
  Diversified construction group JRL is close to striking a deal to sell a stake in the £826m turnover business.
  Talks with a Far Eastern property and construction group are described as being ‘very advanced’.
  The deal will strengthen JRL’s balance sheet and boost liquidity while opening the opportunity to take forward schemes for the buyer in the UK.The unnamed buyer is expected to take a substantial minority stake in the Hertfordshire-based business, which last month repo
  
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• Groundworks firm Corbyn files administration notice

  08-11-2024 08:15 via constructionenquirer.com
  
  London based groundworks and concrete frame specialist Corbyn Construction has filed a notice of intention to appoint an administrator.
  Corbyn has been in business since 1989 undertaking projects up to £30m across the capital.
  Latest accounts for the company for the year to June 30 2023 show a turnover of £32.8m generating a pre-tax profit of £436,000.
  Data and credit checking specialist Red Flag Alert highlighted the firms’ administration notice with its regular checks o
  
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• Watkin Jones go-ahead for Leeds co-living project

  08-11-2024 07:59 via constructionenquirer.com
  
  Watkin Jones has got the go-ahead from that Leeds City Council to convert and re-purpose an old office building into 230 co-living homes.
  Built in the 1950s, Headrow House was most recently a HQ for Direct Line in the centre of Leeds.
  When completed in 2028, the 190,000 sq ft project will deliver a supported communal living environment, offering managed homes for city centre living.By reusing the historic building, the scheme will reduce embodied carbon by 78% and Watkin Jones will use sustainab
  
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• WSP names new chief for UK and Ireland

  08-11-2024 07:46 via constructionenquirer.com
  
  Consultant WSP has promoted Paul Reilly to become president and managing director for the UK and Ireland business in January.Reilley joined WSP as deputy CEO – UK & Ireland, two and half years ago from Stanec UK where he was managing director for infrastructure and buildings.Before that he spent 14 years of his career at Peter Brett Associates.
  In his new role, Reilley will drive WSP’s strategic priorities and client delivery, reinforcing the firm’s capabilities in critical
  
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