Winner unveiled for £2.9bn aqueduct revampUnited Utilities has confirmed the STRABAG Equitix Consortium as preferred bidder to design, build, finance and maintain the replacement of six tunnel sections of the Haweswater Aqueduct.
The construction cost of the project has increased to £2.5-2.9bn from £1.75bn when the contract notice was first published in 2022.
The STRABAG Equitix Consortium…
Lendlease to sell UK construction arm to US private equity giantUS private equity firm Atlas has struck a deal to buy Lendlease’s UK construction business.
Under the terms of the agreement, Atlas will acquire Lendlease’s construction business and its operations including existing staff and the present leadership team, ensuring a seamless handover for clients and business partners.
Founded in…
HS2 set for “fundamental reset” to lower construction costsNew HS2 Chief Executive Mark Wild said the project is facing “a very serious situation” and is need of a “fundamental reset” in a bid to keep costs down to complete the rest of the route.
His comments came as a construction update revealed the majority of the deep tunnel drives and earthworks needed for the high-speed railway…
Staff stunned as engineering consultancy Clarkebond closesEngineering consultant Clarkebond (UK) Ltd has ceased trading just three months after being acquired by a rival.
Clarkebond has been in business for more than 75 years and was acquired by temporary works specialist Independent Design House Group (IDHG) in September.
But Clarkebond staff were stunned in the week before Christmas when t…
Vistry issues third profit warning in three monthsVistry has issued a third profit warning in three months warning that adjusted profit before tax for the year will be around £250m, some £50m below its previous guidance.
The partnerships house builder blamed delays to expected year-end transactions and completions for the shortfall.
In the firm’s year-end trading update, Greg Fitzgerald,…
Miller Homes buys St Modwen Homes for £215mMiller Homes has agreed a deal to buy rival St Modwen Homes for £215m, taking the house builder a step closer to realising its goal of delivering 6,000 homes a year.
The deal sees Miller Homes acquire 19 live sites containing around 3,500 plots and a further five strategic sites.
The acquisition will see Miller enter the South West for the first tim…
Keltbray fine increased to £18m after failed bid rigging appealKeltbray has seen its fine increase to £18m for bid rigging after losing an appeal against its original £16m penalty.
Keltbray was among ten firms fined a total of £60m by the Competition and Markets Authority last March following an investigation into cover bidding in the sector.
Keltbray had entered into a settlement agreement…
Luxury house builder goes under with 70 job lossesLuxury house builder Octagon Developments Ltd has gone into administration with all 70 staff made redundant.
David Hudson and Phil Armstrong of FRP Advisory were appointed as joint administrators this week.
The company has been in business since 1980 as a prestigious luxury property developer specialising in high-end residential homes across…
Top Ten best read stories of 2024The Enquirer is putting out its last daily newsletter of the year today as the industry winds-down for its traditional Christmas break.
The website will be updated with any major breaking stories during the holiday season with the full daily news service returning on January 6.
It has been another eventful 12 months and a busy news year for construction as t…
BAM Nuttall fined £800,000 after concrete skip tragedyBAM Nuttall has been fined £800,000 after a labourer died during the construction of a wind farm on the Shetland Islands.
Liam MacDonald, from Tain, Ross-shire, lost his life on the morning of 5 June 2022 while removing dried concrete from a pouring skip at the Viking site on Upper Kergord.
The agency worker had started on the site just over…