construction news
Vinci bags £100m UCL East student blocks deal
University College London has awarded Vinci Construction the job to deliver two high-rise student blocks for a planned new campus at the Queen Elizabeth Olympic Park in East London. The Pool Street West student accommodation project makes up part of the first phase of...
Persimmon introduces homebuyers’ retentions
In its battle for hearts and minds after all the headlines about executive greed, Persimmon has decided to become the first major house builder to offer a homebuyer's 'retention'.In its battle for hearts and minds after all the headlines about executive greed,...
Steady ship at Wates as profit and turnover are maintained
Annual results for the Wates Group show that the business held steady in 2018, with very similar revenue and profit to the previous year.Annual results for the Wates Group show that the business held steady in 2018, with very similar revenue and profit to the previous...
Scottish electricians’ recognition campaign makes progress
The Scottish electrical contractors’ trade association Select has welcomed the introduction of a bill in the Scottish Parliament to protect the job description ‘electrician’.The Scottish electrical contractors’ trade association Select has welcomed the...
Government loan supports Birmingham’s Port Loop development
Homes England has agreed a £7.5m loan from the government’s Home Building Fund for the development of 77 homes in Birmingham by Urban Splash and Places for People.Homes England has agreed a £7.5m loan from the government’s Home Building Fund for the...
Wates trumpets record order book despite Brexit slowdown
Contractor Wates Group started the year with record orders up 6% despite seeing a Brexit related slowdown in mainstream construction activity in 2018. Growth in its residential development and property services businesses helped to offset a 9% fall in construction...
Persimmon launches retention scheme for home buyers
Persimmon is launching a ‘retention’ scheme for home buyers to protect them from construction problems. The scheme will see 1.5% of a home’s value withheld by the buyer’s solicitor until any build faults are resolved. The average amount...
Subcontractors wanted for South Coast sites
Main contractors are on the hunt for South Coast based suppliers and subcontractors for a string of sites. Constructionline is hosting its latest Meet the Buyer event in Southampton on Thursday 28th March 2019. The supply chain and procurement management service is...
Wates improves profit and increases order book
Wates’ profits edged up by 1 per cent on slightly reduced turnover in 2018, its latest results show. source https://www.constructionnews.co.uk/companies/contractors/wates/wates-improves-profit-and-increases-order-book/10041221.article
Paragon Interiors collapse ‘wiped out life savings’
The collapse of fit-out firm Paragon Interiors has left freelance site managers with personal loses as high as £80,000, Construction News has learned. source...
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