construction news
A year after Carillion collapse and still no improvements for construction’s supply chain
Exactly one year on from Carillion’s collapse and a host of major construction companies still appear unable to stand on their own two feet without exploiting their suppliers.Exactly one year on from Carillion’s collapse and a host of major construction...
South Eastern Electrical went down owing £4m to suppliers
Essex based M&E specialist South Eastern Electrical (SEE) owed more than £4m to suppliers and subcontractors when it collapsed in October. A report by administrators Begbies Traynor revealed that SEE owed cash to 230 trade creditors. The book value of the...
Carey wins £16m Stratford Waterfront civils package
The London Legacy Development Corporation has picked P J Carey to deliver the main substructure works for the Stratford Waterfront development at Queen Elizabeth Olympic Park in London. The 4.25 hectare site will see buildings for a new Sadler’s Wells dance venue, the...
FM Conway to light up the Thames
Civil engineering contractor FM Conway is more closely associated with filling potholes than delivering great works of art, but is has been commissioned to install one of London’s largest ever art projects.Civil engineering contractor FM Conway is more closely...
Revealed: £100m Carillion rescue fund goes untouched
Exclusive: An extra £100m of financing made available for SMEs in the wake of Carillion’s collapse remains untouched a year on from the liquidation, Construction News can reveal. source...
Project bank account law goes before parliament
A bill proposing project bank accounts be used for all public sector contracts will get its first hearing in parliament today. source https://www.constructionnews.co.uk/companies/contractors/carillion/project-bank-account-law-goes-before-parliament/10038921.article
HS2 forces firms to use least polluting trucks and plant
HS2 is using its scale as the UK’s biggest infrastructure project to set a fresh benchmark in construction vehicle emission standards. All diesel HGVs on the project will need to be powered by the cleanest available Euro 6 engines, going beyond current standards. Also...
Plant hire giant Hawk falls into administration
Construction equipment hire giant Hawk Plant has fallen into administration. The Enquirer understands the news was broken to staff on Monday morning as plant manufacturers started to arrive at the firm’s depots to collect leased kit. Administrators from EY are...
Carillion-hit firm enters administration
Carillion-hit Hawk Plant (UK) has gone into administration following a cashflow squeeze. source https://www.constructionnews.co.uk/companies/administrations/carillion-hit-firm-enters-administration/10038930.article
South Eastern Electrical: Retentions pushed firm into administration
South Eastern Electrical (SEE) was made insolvent due to cashflow issues resulting from retentions and insurance claims, administrators have revealed. source...
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