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HS2 supply chain fraud claims spark ministerial probe

Construction Enquirer

Transport Secretary Heidi Alexander has promised a fundamental one-year reset for HS2 after admitting to Parliament that there was no way presently to deliver the project on schedule and to budget. Alexander said: “HS2 will work with suppliers so their contracts incentivise saving costs for taxpayers. ”

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Mark Wild radical reset plan to rescue HS2

Construction Enquirer

In a blunt letter to transport secretary Heidi Alexander, Wild said a “comprehensive reset” was now essential to deliver the railway on a credible timescale and within a realistic budget. He also pledged to overhaul HS2 Ltd’s structure, and renegotiate supply chain contracts.

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Careys directors sacked after £4m job-loss showdown

Construction Enquirer

Regional Commercial Manager Donal Coppinger and Regional Director John McInerney were part of the senior team overseeing the Riverside Waste to Energy plant in South East London. The £39m contract was initially budgeted to make a £3.3m profit for Careys.

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Top level shake-up looms at Costain highways division

Construction Enquirer

Top-level director changes are underway at Costain’s highways division. It is also understood that Darren Dobson, highways operations director, will be leaving the business amid the management changes at the division, which accounts for around a third of Costain’s total revenue.

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How Top Construction Firms Reinvent Cost Control

Construction firms that rely on fixed budgets and outdated procurement methods are losing ground fast. This guide reveals how market leaders are managing financial risk by shifting to incremental budgeting, regional sourcing, and real-time cost tracking.

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Early Contractor Involvement & Improved Sustainment / Construction Cost Management

Job Order Contracting

Early Contractor Involvement is a mandatory component in any real property owner process designed to ensure consistent delivery of quaility repair, renovation, maintenance, and new build projects on-time and on-budget. The issues associated with Traditional Construction * Project Delivery (DB, DBB, CMAR…) are clear.

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The Real Estate Developers Handbook: The Role of Budgets in CRE

Rabbet

A real estate development project combines creativity, strategy, and resource management to transform visions into reality. However, amidst the excitement and anticipation, one aspect often stands as the bedrock of project success: budget tracking. It is often broken down into line items and divisions.