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Government wields procurement stick on late payment

Government wields procurement stick on late payment

Major contractors could be barred from bidding for public sector contracts worth over £5m a year if they cannot prove they pay their supply chain within an average of 60 days. The Government is proposing changes to procurement law that would force all public...
Hercules buys power line labour firm for £15.7m

Hercules buys power line labour firm for £15.7m

Labour supply specialist Hercules has struck a £15.7m deal to buy specialist overhead lines labour supplier Advantage NRG. The acquisition marks its entry into the UK’s booming power and energy sector. Hercules gains a 155-strong team of skilled operatives, giving it...
Universal bid to fast-track planning for theme park

Universal bid to fast-track planning for theme park

Entertainment giant Universal has formally lodged its bid to fast-track plans for a major  theme park and resort in Bedford using a Special Development Order. Universal confirmed on Thursday it had submitted a request to the Ministry of Housing, Communities and Local...
Government wields procurement stick on late payment

Developer Breck to transform former Ibstock brick factory

Northern property developer Breck has completed the acquisition of the 21-acre former Ibstock Ravenhead Brickworks site in Upholland, near Wigan. The factory was decommissioned in 2023 and the site will be transformed into a new residential community of approximately...
Travelodge to convert Liverpool Street office building

Travelodge to convert Liverpool Street office building

Hotel giant Travelodge has acquired 6 Broad Street Place & 15-17 Eldon Street from the City of London Corporation. The buildings opposite Liverpool Street station will have the upper floors converted into a hotel with retail use on the ground floor. Jo Boydell,...