Industry News

A “unique” agreement in which a Welsh council maintains a road on behalf of a private contractor has been renewed.

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According to the latest report from the Building Cost Information Service, tender prices have fallen 16 per cent from their peak, in the final quarter of 2007.

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Northern Ireland’s former top-security prison the Maze will be redeveloped, political leaders have announced.

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Two brothers have been fined £13,000 after a worker was left with a crushed skull and brain damage when he fell through an industrial roof in Carlisle.

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A contractor and an architect’s practice have been fined nearly £200k after a worker fell nine metres to his death.

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The £250m hotel development designed by Alsop Architects in Blackfriars has been granted planning by the City of London Corporation.

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Please take two minutes to complete our three-question survey on the effects of the government sector spending cuts on the construction industry.

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Vinci has replaced Kier on the £10m refurbishment of Heathrow Terminal 3.

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Mace has won a £19.3 million deal to design and build student accommodation in east London.

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Hong King based billionaire Li Ka-shing has bought the network (distribution) division from EDF Energy in a £5.8 billion deal, beating off rival bids from Australia’s Macquarie Bank, the Abu Dhabi Investment Authority and Canada Pension Plan, according to reports.

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Colliers International, the specialist commercial real estate agent, said it expects revenue up 15 per cent in the first half of its financial year to 30 June, in line with management expectations.

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Wirral Council is expected to approve a planning application by Peel Holdings for a massive development at Birkenhead Docks next week.

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Three recruitment companies have started the next stage of their appeal against fines from the Office of Fair Trading for price fixing.

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Pre-tax profits at builders merchant Travis Perkins jumped 23.7 per cent to £111.8m, in the six months to 30 June, up from £90.4 million the previous year, the firm revealed today.

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Derbyshire developer Waystone has signed an agreement for a 20 acre plot on which to build Castleford Rugby Club’s new stadium.

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Connaught’s bankers have given the firm a stay of execution, after agreeing to a £15 million short term addition to its existing £200.6m overdraft.

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A quarry operator has been fined £30,000 after a 30-tonne wheel loader vehicle overturned and slid almost 16ft down a sand stockpile.

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Late payment continues to worsen in the construction industry, despite improving in the economy as a whole, research has revealed.

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Local authorities have been urged to fill the funding gap left by the Government’s capital spending cuts.

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Development Securities has pledged to funnel £100 million it requested from shareholders last week into imminent regional commercial developments.

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The first contracts to go out as part of the MoD’s new suite of work will be in OJEU by the end of the year, procurement chief Steve Rice has said.

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Islington Council is investigating two PFI housing refurbishment schemes in the north London borough following concerns about how contracts were tendered.

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Housing registrations in the UK dropped to their lowest level since the beginning of the year last month as fears over the economy mounted.

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The construction industry grew a massive 6.6 per cent in the three months to the end of June, according to figures released by the Office for National Statistics last week.

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A Laing O’Rourke/Costain joint venture is understood to be on the verge of securing the contract for the Bond Street Tube station revamp, calming fears that the £300m scheme would be a victim of the public sector spending cuts.

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Contractors wanting to work for Marks & Spencer will first have to complete a ConstructionSkills training course as the retailer cracks down on sustainability showmanship.

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The Ministry of Justice is working with the Homes and Communities Agency to rescue plans for a 1,500-place prison in Essex.

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The Department of Health will make a decision on the future of the £4 billion ProCure 21+ framework within weeks, Construction News has learnt.

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Subcontractors are becoming less optimistic about the future despite a positive first half of 2010, according to a survey.

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Uncertainty following the budget is making companies reassess their property market strategies, resulting in a fall in demand according to the latest RICS Commercial Market Survey.

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