construction news

The Financial Reporting Council has set out the final details of its plan to raise corporate governance standards for private companies. The stricter regime was drawn up for the FRC by construction group chairman James Wates to help prevent major private company...

Labour leaders are calling for Interserve to be barred from bidding for public contracts while it is fighting for its financial future. Jon Trickett,Shadow Minister for the Cabinet Office said: “The Government must take urgent steps to ensure all existing contracts...

Suffolk County Council has formally launched renewal of its construction framework expected to deliver a work pipeline of £750m. Fourteen contractors are preparing to renew their places on Suffolk County Council’s construction framework, which is also open to councils...

Interserve has confirmed it is making headway in talks with banks about a rescue deal to reduce its £650m mountain of debt The firm said it was keeping all options open but is aiming to stitch together a debt for equity swap that would see major banks take shares for...

Contractor Herbert T Forrest Limited has lost its fight for survival after administrators were appointed to the company. FRP Advisory LLPis now in charge of the business which employs around 230 people. Some contracts have been sold to Engie saving 64 jobs in the...