Construction news

• Government commits to four new prisons in seven years

  11-12-2024 13:23 via constructionenquirer.com
  
  The Government today setout plans to build four new prisons in the next 7 years, opening up around 6,500 places to lock up dangerous criminals.
  Under the 10-year prison capacity strategy, unveiled by the Lord Chancellor Shabana Mahmood, a further 6,400 places will be built in new blocks on current sites, 1,000 rapid deployment cells will be rolled out and over 1,000 existing cells will be refurbished.
  This expansion and upgrade plan would open up a total of 14,000 places by 2031, helping to tack
  
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• Bid rigging probe launched into school repair work

  11-12-2024 13:04 via constructionenquirer.com
  
  The Competition and Markets Authority has launched an investigation into suspected bid-rigging in relation to a key government fund for improving the condition of school buildings.
  The competition watchdogs suspect that several companies providing roofing and construction services – including building contractors and technical advisors – illegally colluded to rig bids to secure contracts funded through the government’s Condition Improvement Fund (CIF).
  A series of raids have be
  
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• Glencar bags £18m Big Yellow London store

  11-12-2024 09:18 via constructionenquirer.com
  
  Glencar has secured an £18m job from long-running and repeat customer Big Yellow Self Storage to build a 135,000 sq ft development at a site situated at Staples Corner in North West London.
  The project will see the design, construction and turnkey fit-out of a six-storey flagship store. It will include self-storage accommodation together with flexibly designed office spaces, catering for increasing demand from both domestic and business users.
  Groundworks on site will include installation
  
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• M&E specialist Dodd doubles profit on retrofit surge

  11-12-2024 09:11 via constructionenquirer.com
  
  M&E specialist contractor Dodd Group has reported pre-tax profit almost doubled on the back of surging demand for property retrofit work.
  The Telford headquartered firm delivered record revenue in the year to March 2024, jumping 20% to £249m. This lifted pre-tax profit from £3.5m to £6.7m.
  Better trading saw operating margins improve to 2.2% from 1.5% in the prior year with interest on cash balances contributing £1.3m to the result.The family-owned contractor provides
  
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• Credit insurance saves Billington from ISG hit

  11-12-2024 08:38 via constructionenquirer.com
  
  Structural steel giant Billington said a payout from its credit insurer has spared the firm from a major hit from the collapse of ISG.
  In a trading statement today it said: “Billington has historically traded with various ISG trading entities, delivering a number of high-profile projects.
  “The Group has received an interim payment from its credit insurer and subject to formal acceptance by the insurer of an independent assessment of the remaining claim, the financial impact on Billin
  
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• Plans go in to start revamp of North Finchley town centre

  11-12-2024 08:25 via constructionenquirer.com
  
  Developer Regal has submitted a planning application to the London Borough of Barnet for the redevelopment of the Lodge Lane Car Park as part of the North Finchley Town Centre revamp.
  The submission for Lodge Lane will be followed shortly by an outline submission for the wider North Finchley masterplan.
  The proposed development includes 98 apartments alongside  30,500 sq ft of commercial space, including a restaurant, cinema, and bowling alley.A key feature of the redevelopment is a new pub
  
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• Go-ahead for 800-home Croydon dual towers

  11-12-2024 08:24 via constructionenquirer.com
  
  Greystar has secured planning to build two towers providing over 800 build to rent homes in Croydon, South London.
  The long-vacant One Lansdowne Road site will see 50 and 31-storey towers built using volumetric offsite construction.
  Modular specialist Tide and Vision has been involved in the design work for the project drawn up by architect HTA Design.
  Building facades will be a mix of terracotta and metal
  The scheme, which narrowly passed planning with the committee chair casting a deciding vot
  
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• Construction inflation set to return raising tender prices

  11-12-2024 08:22 via constructionenquirer.com
  
  Cost consultant Turner & Townsend is warning clients to plan for the return of rising construction inflation.
  The firm says 2024 will be the bottom of an inflationary trough, with high demand and low supply across building and infrastructure likely to drive tender price inflation back up.
  T&T is telling its clients to act now to secure strong, collaborative supply chains.  It says clients need to view contractors as true partners, not just suppliers – sharing risk and reward t
  
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