Construction inflation set to return raising tender pricesCost 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 secur…
Start date for vast Balfour and Costain carbon capture power jobClient NZT Power has reached financial close on the world’s first gas-fired power station with carbon capture and storage.
Construction is now set to start from mid-2025 on Teesside with Balfour Beatty and Costain set to play leading roles.
NZT Power will progress in parallel with the Northern Endurance Partnership (NEP) which also…
Plan unveiled for 31-storey London Fenchurch Street towerInsurance giant Aviva has unveiled plans to redevelop 130 Fenchurch Street in London’s Square Mile with a 31-storey tower.
Development manager CO-RE is working with architect Wilkinson Eyre on the project which goes out to public consultation today, ahead of a application being submitted to the City of London Corporation next year.
T…
Vinci Building buys tower cranes for first timeVINCI Building has bought its own tower cranes for the first time at the Sheffield Forgemasters’ Brightside Lane site.
The contractor usually hires its cranes but has decided to invest in the all-electric technology from WOLFFKRAN of Germany.
The two WOLFF 355 Bs are the first wholly owned by VINCI Building and cost around £2.5m on the £138m…
30 local firms land United Utilities £500m frameworkUnited Utilities has confirmed 30 local construction firms based, or with operations in, the North West as winners of the region’s largest planned investment in water and wastewater infrastructure for more than a century.
The water company has chosen 20 local, civils-based firms and 10 mechanical and electrical specialists to work on its…
Restructure pays off as Higgins returns to profitHiggins Group is back in the black after a restructure.
Latest results for the year to July 31 2024 show a post-tax profit of £320,000 following a £25.9m loss last time as turnover ticked-up to £208m from £171.9m.
Declan Higgins, Chief Executive Officer said: “Despite a difficult market, the Group has demonstrated resilience and continues to…
Former Heathrow boss joins Mace in board rejigMace has brought in the former chief executive of Heathrow Airport as a non-executive director in final appointment to a rejigged group board from the start of next year.
Through his role at Heathrow, John Holland-Kaye has been a client to Mace and is currently serving as a non-executive director at Thames Water.
He brings expertise in leading major…
Planning officers to get powers to bypass committee stage for housingPlanning officers will be able to bypass council committees to speed through approval of housing schemes under plans launched today by deputy prime minister and housing secretary Angela Rayner.
Under push to modernise the planning approval process, applications that comply with local development plans could bypass the lengthy…
National Insurance hike to delay construction recoveryIncreases to employer’s National Insurance Contributions (NICs) next April will add an estimated 0.75%–1% to construction costs and contribute to delaying a full industry recovery to 2026.
The latest Market View report from Arcadis titled Stuck in the Middle highlights the challenges posed by stubborn inflation, escalating costs, and…
Gratte Bros rides out cost rises with profit increaseFamily-owned building services specialist Gratte Brother has ridden out industry cost pressures to deliver a small rise in profit.
Over the year to March 2024, pre-tax profit edged up to £2.7m from £2.5m previously on turnover slightly ahead at £226m.
Despite the improvement in trading, the data centre and commercial M&E fit-out contractor…