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McGee profit halves as project start delays hit

McGee profit halves as project start delays hit

Specialist engineering contractor McGee saw pre-tax profits more than halve to £5.3m last year as project start delays linked to planning setbacks dented efficiency and margins. Turnover jumped 24% to £151m for the year to 30 November 2024, driven by repeat business...
Vistry to deliver 2,300 homes at Rugeley power station site

Vistry to deliver 2,300 homes at Rugeley power station site

Vistry has acquired the 139-hectare site of the former Rugeley Power Station next to the River Trent in Staffordshire. The brownfield site bought from Engie has already undergone extensive remediation and holds outline planning permission for 2,300 homes. The...
Construction returned to growth June says ONS

Construction returned to growth June says ONS

Contrary to other analyses, latest official estimates reckon that the British construction industry is growing.Read Full Article: The Construction Index from All Construction News | Construction Index https://ift.tt/N5S2HjX
Staged procurement to make comeback as pricing risk bites

Staged procurement to make comeback as pricing risk bites

Consultants are predicting a marked return to package-based procurement models as developers seek to push forward with big-ticket commercial schemes without locking into risky lump sum deals. McBains’ Summer 2025 Construction Market Report said that confidence was...