Construction news

• VolkerWessels lifted by marine arm’s return to profit

  01-10-2024 23:56 via constructionenquirer.com
  
  VolkerWessels’ operations in the UK weathered a challenging year with a resilient performance to deliver stable profits and revenue.
  Turnover edged up 6% to £1.4bn in the year to December 2023 to generate a £39ml pre-tax profit almost level with the prior year.
  Average group operating margin fell back from 2.8% to 2.5% amid more challenging conditions at VolkerFitzpatrick and Volker Highways.The marine and environmental infrastructure business VolkerStevin put its previous year
  
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• Dragados lands Elephant & Castle tunnel deal

  01-10-2024 23:41 via constructionenquirer.com
  
  Transport for London has awarded a contract to Dragados UK for the design and construction of new passenger tunnels at Elephant & Castle Tube station which will link the new station box to the existing platforms and overbridge.
  Work on excavating around 135m of new passenger tunnels will start next year and is due to be completed in 2027.
  The station upgrade forms part of the wider redevelopment of Elephant & Castle, including the new shopping centre project being built by Multiplex for
  
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• Construction recruiter continues to expand

  01-10-2024 23:24 via constructionenquirer.com
  
  National construction recruiter Fawkes & Reece has acquired the Northampton based recruiter Venture Contracts Ltd as part of its continued expansion across the UK.
  Ray Connolly Group Managing Director said “We are already a national business but in the South Midlands between our London and Birmingham offices I felt we needed a strong, local presence to provide an increased level of service.
  “Venture Contracts have a strong team and will add value and will thrive working with our
  
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• Caddick bolsters Midlands construction team

  01-10-2024 20:11 via constructionenquirer.com
  
  Caddick has hired former Wates north west operations director John Currie and former Speller Metcalfe manager Ian Calder to head up its operations team at the growing construction division in the Midlands.
  They have joined Caddick just over 12 months after it targeted the Midlands construction market following the appointment of Ray O’Sullivan as regional managing director
  Currie and Calder will be involved in all aspects of pre-construction and project delivery for the business’ gro
  
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• HE Simm eyes return to profit after £10m loss

  01-10-2024 19:23 via constructionenquirer.com
  
  M&E group HE Simm is forecasting a strong end to 2024 for its crucial engineering division after suffering a £10m trading loss last year.
  A swiftly implemented recovery plan to streamline management structures and reporting processes with more selective bidding has got the business back on track with a forecast return to profitability.
  The rebound strategy also involves a £4m cash injection over this year by the Simm family to strengthen the balance sheet.Gareth Simm, chief execu
  
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• Wates snaps up 1,100-staff social housing upgrade contractor

  01-10-2024 19:15 via constructionenquirer.com
  
  Wates has struck a deal with the social housing provider ForHousing to buy its in-house £100m-plus revenue repair and maintenance specialist Liberty.
  The property maintenance specialist brings a strong heating and compliance skills base. It’s 1,100 staff will join the Wates Property Services team of 1,900 staff.
  The now expanded property services division will now account for half of the 6,000 staff employed by Wates Group.Liberty is headquartered in Knowsley, Merseyside, and has fiv
  
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• Wates buys 1,100-staff social housing upgrade contractor

  01-10-2024 19:15 via constructionenquirer.com
  
  Wates has struck a deal with the social housing provider ForHousing to buy its in-house £100m-plus revenue repair and maintenance specialist Liberty.
  The property maintenance specialist brings a strong heating and compliance skills base. It’s 1,100 staff will join the Wates Property Services team of 1,900 staff.
  The now expanded property services division will now account for half of the 6,000 staff employed by Wates Group.Liberty is headquartered in Knowsley, Merseyside, and has fiv
  
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• Angry staff call for investigation into collapse of ISG

  01-10-2024 08:59 via constructionenquirer.com
  
  Former staff at failed contractor ISG have told the Enquirer that problems at the £2.2bn turnover business began to emerge nearly two years ago.
  Some angry staff now want to see a formal investigation of the owners and the current and previous board as public project disruption and staff compensation for lack of consultation threatens to cost the tax payer.
  Insiders blamed management’s failure to deal with legacy and ongoing problem contracts.  This began to stack-up problems fo
  
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• Costain trials project carbon tracker

  01-10-2024 08:58 via constructionenquirer.com
  
  Costain is trialling a carbon tracker platform to improve emissions reporting across its projects.
  The online tracker enables project teams to monitor construction related carbon emissions across the supply chain.
  It is designed to improve the quality, accuracy and frequency of data reporting through enhanced analytics including collating emissions data in real-time from both materials and resources used on-site, such as concrete, steel or water.‘Hotspots’ of materials or products ge
  
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• Vp lands rail supply deal with Balfour Beatty

  01-10-2024 08:45 via constructionenquirer.com
  
  The railway maintenance and renewal services arm of Vp plc has landed a major supply deal with Balfour Beatty.
  Torrent Trackside has been appointed by Balfour Beatty’s Central Rail Systems Alliance (CRSA) framework for the provision of lighting and fencing.
  The contract runs for two years and includes the provision of both managed service, dry hire lighting and associated fencing services on the framework.The CRSA is an alliance between Network Rail, Balfour Beatty, Atkins Réalis an
  
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• Tyne Coast College put firms on alert for £60m campus job

  01-10-2024 08:45 via constructionenquirer.com
  
  Tyne Coast College is progressing with plans to invite bids for an £60m campus development in South Shields.
  Plans to relocate South Tyneside College and South Shields Marine School from its current Westoe site into the heart of the town centre have already been approved.
  The project will consist of a 14,000 sq ft main building with a double-height glass atrium and central courtyard .
  A Grade II-listed building on Barrington Street will retained to be converted into staff accommodation and
  
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• Sisk starts £80m Manchester Ancoats resi blocks

  01-10-2024 08:22 via constructionenquirer.com
  
  Sisk has started main construction of two residential jobs opposite each other in the Ancoats area of Manchester.
  The £80m Jersey Wharf and Eliza Yard developments are developer Manchester Life’s first residential schemes in the next stage of Ancoats’ regeneration.
  Jersey Wharf will offer 190 rental flats transforming a previously vacant site on Jersey Street along the Rochdale Canal into a new residential community.
  Eliza Yard building
  Eliza Yard, located directly across Jerse
  
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• Direct labour model lifts Clancy to record revenue

  01-10-2024 08:00 via constructionenquirer.com
  
  Civils specialist Clancy has delivered record revenue on the back rising demand across its targeted water, energy and major civil engineering sectors.
  Delivering a sixth consecutive year of growth, Clancy lifted turnover 13% to £379m, which helped to drive a 55% hike in pre-tax to £21m.
  Strong profitability and a robust cash position of £34m at the April 2024 year-end enabled the family-owned contractor to invest over £11m in plant and technology to improve productivity,
  
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