Contractors – Page 8
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‘I am so sorry to have to share this news’ : ISG boss Zoe Price’s email to staff in full as firm prepares for administration
Contractor ISG is set to collapse, in the biggest corporate construction failure for several years. Here is what the firm’s chief executive said to staff last night.
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ISG firms set to go into administration
Day of febrile speculation sees six subsidiaries apply for administration late this afternoon
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‘Certainty of pipeline’ one of the keys to productivity improvements, conference told
Overhaul of planning system would improve historically low levels
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Industry needs to be more vocal in supporting Grenfell findings, Wates boss says, and warns contracting’s ‘bizarre’ margins not sustainable
Eoghan O’Lionaird bemoans industry’s ‘relative silence over report and admits firm’s 2% margin is not good enough
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HS2 tweaks Curzon Street station design
Proposals set to be sent in to Birmingham planners by end of year
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Legacy jobs continue to blight Vinci’s UK numbers
Provisions at building and FM arms keep firm in red
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Meaningful recovery not expected until middle of next year, Arcadis warns
Consultant adds that contractors getting tougher on dealing with risk
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Kier begins to draw line under recovery effort as contractor announces fresh set of growth targets
Chief executive Andrew Davies says firm will soon be cash positive at end of every month having once posted monthly debts of close to £450m
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‘Adversarial’ PFI contracts still costing taxpayers money on legal bills, group warns
Initiative used to bankroll New Labour’s public sector spending boom in 1990s
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Brookfield submits plans for 54-storey City office tower
Developer’s proposals for RSHP-designed 99 Bishopsgate set to be among the largest office towers in the Square Mile
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Amazon to pump £8bn into data centres in UK
Multinational to “create 14,000 jobs a year” including construction work
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Escalating costs on fixed-price jobs sends profit down at HG Construction
Company says jobs worst affected by rises are now mostly complete
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Laing O’Rourke edges back into black as new boss says margins have to improve
Cathal O’Rourke says contracting’s cherished 5% figure can be achieved and warns current industry average ‘is not sustainable’
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Rivals being sounded out for another Lendlease scheme
City tower being developed by Brockton Everlast
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Bam brings in McAlpine boss to head up Northern region
Mark Gibson will join rival contractor later this year
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Graham yet to agree price on £60m Lord’s stand rebuild putting 2027 Ashes deadline in doubt
Start on job could be delayed by 12 months having been earmarked to start at end of this month
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Winner on rebid £500m ITV Studios scheme Lendlease won two years ago set for this month
Mace and Multiplex pricing scheme originally picked up by up-for-sale contractor
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Tenders on £900m London towers job expected to be out in ‘next few weeks’
Development manager Lipton Rogers hoping to start main construction work early next year
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Tilbury Douglas announces change of CEO in November
Paul Gandy will step down as boss of £500m contractor, to be succeeded by Craig Tatton