{"id":404,"date":"2018-11-13T09:15:34","date_gmt":"2018-11-13T09:15:34","guid":{"rendered":"https:\/\/cita.co.uk\/news\/?p=404"},"modified":"2018-11-13T09:15:34","modified_gmt":"2018-11-13T09:15:34","slug":"mccarthy-stone-plans-more-competitive-tendering-regime","status":"publish","type":"post","link":"https:\/\/cita.co.uk\/news\/mccarthy-stone-plans-more-competitive-tendering-regime\/","title":{"rendered":"McCarthy & Stone plans more competitive tendering regime"},"content":{"rendered":"

Retirement homes specialist McCarthy & Stone aims to introduce more competitive subcontractor tendering processes as it seeks to slash build costs.<\/p>\n

The firm revealed the build cost reduction plan as it reported pre-tax profit down by over a third to \u00a358m in the year to August.<\/p>\n

Revenue rose 2% to \u00a3672m but net cash fell from \u00a331m to \u00a34m over the year.<\/p>\n

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New chief executive officer John Tonkiss said he plans to reboot the business by downsizing its operations, cutting build costs and reorganising sales teams.<\/p>\n

The new build cost reduction programme<\/span>\u00a0is targeting increased standardisation, more efficient designs and optimising subcontract procurement practices.<\/span><\/p>\n

Design efficiency reviews are currently being undertaken on all 2020 developments with savings expected to materialise\u00a0in 2021.<\/p>\n

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Tonkiss said: “The build initiative continued to drive improvements to the build process during the year, to accelerate build timescales, reduce build costs and enhance margins.<\/p>\n

“This resulted in build cycle time reduction from 14.4 months in FY17 to 13.9 months in FY18.”<\/p>\n

He added: “Specific focus has been placed on improving our material procurement practices through increased framework agreements and we have plans to introduce stronger competitive tendering processes, particularly for our subcontractors.”<\/p>\n

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Tonkiss said McCarthy & Stone had introduced a new product management platform with technical specification libraries fully established to improve the value engineering around such areas as foundations, balconies, wall structures.<\/p>\n

He said: “This will create a strong foundation for our build cost reduction workstream within our new strategy.”<\/p>\n

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from Construction Enquirer https:\/\/ift.tt\/2qKA3Z0<\/p>\n","protected":false},"excerpt":{"rendered":"

Retirement homes specialist McCarthy & Stone aims to introduce more competitive subcontractor tendering processes as it seeks to slash build costs. The firm revealed the build cost reduction plan as it reported pre-tax profit down by over a third to \u00a358m in the year to August. Revenue rose 2% to \u00a3672m but net cash fell […]<\/p>\n","protected":false},"author":1,"featured_media":155,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[9],"class_list":["post-404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-construction-enquirer"],"_links":{"self":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/comments?post=404"}],"version-history":[{"count":1,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/404\/revisions"}],"predecessor-version":[{"id":405,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/posts\/404\/revisions\/405"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media\/151"}],"wp:attachment":[{"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/media?parent=404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/categories?post=404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cita.co.uk\/news\/wp-json\/wp\/v2\/tags?post=404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}