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Grenfell contractor Rydon has revealed a provision of £26.7m to cover the cost of its part in the settlement earlier this year with more than 900 survivors and bereaved family members of the tragedy. The provision is also understood to include the potential outcome of ongoing talks with individuals not included in the BSR Cohort 1 group civil case settlement.
Construction buyers reported a drop in overall output in June for the first time in five months. The bellwether S&P Global/CIPS UK Construction Purchasing Managers’ Index recorded 48.9 in June, down from 51.6 in May and below the neutral 50.0 threshold for the first time in five months. The index was dragged down by a steep decline in residential work.
Construction companies face shifting labor markets, volatile material pricing, and global supply chain disruptions that threaten profitability. This guide details how industry leaders are replacing outdated budgeting with incremental funding, adopting regional procurement, and using digital tools for real-time financial oversight. Learn how to deploy workforce agility, connected jobsite monitoring, automated procurement, and cost simulation models to preserve margin stability.
The National Access and Scaffolding Confederation (NASC) has appointed Clive Dickin as its new Chief Executive Officer. Dickin has worked for more than 25 years as a senior leadership figure within the membership trade association sector – most recently as Commercial Director for the National Federation of Builders. His plans for the NASC include highlighting the support available to the membership – of all levels within the scaffolding sector – promoting the independently vetted, high qua
A new I-17 regional drainage system designed to reduce the risk of stormwater flooding in underpasses between Peoria Avenue and Greenway Road in Phoenix is ready to operate in time for this summer’s monsoon. The Arizona Department of Transportation managed construction of the $38 million drainage system on behalf of the Maricopa Association of Governments, the Valley’s metropolitan planning organization.
A new I-17 regional drainage system designed to reduce the risk of stormwater flooding in underpasses between Peoria Avenue and Greenway Road in Phoenix is ready to operate in time for this summer’s monsoon. The Arizona Department of Transportation managed construction of the $38 million drainage system on behalf of the Maricopa Association of Governments, the Valley’s metropolitan planning organization.
Manchester developer and builder Ranaker has submitted plans for the city’s tallest tower containing over 640 flats. The 71-storey tower, already nicknamed the ‘Lighthouse’ because of its distinctive lantern-style glazing on the upper six floors, will top out Ranaker’s Great Jackson Street cluster. Designed by SimpsonHaugh Architects, the 213m tall skyscraper will feature a public restaurant on its 71st floor.
VANCOUVER, British Columbia, July 05, 2023 (GLOBE NEWSWIRE) — Standard Lithium Ltd. (“ Standard Lithium ” or the “ Company ”) (TSXV: SLI) (NYSE American: SLI) (FRA: S5L), a leading near-commercial lithium company, is pleased to announce the appointment of David Park as Senior Strategic Advisor. Mr. Park, a highly experienced executive with a strong energy and industrial sector background, joins Standard Lithium following his retirement from Koch Industries after 28 years.
The collapse of Henry Construction has triggered a serious bonding crunch for contractors. Some bond providers are warning firms will now find it much more difficult and costly to raise bonds as a result of the fallout. Surety capacity is being constrained as providers seek to manage risk, and brokers now warn that contractors with tight headroom on balance sheets could be refused bonding.
US Construction Spending Accelerates as Housing Starts Rise ldeakins Thu, 07/06/2023 - 12:27 U.S. construction spending exceeded expectations in May amid rising demand in the new-home market After a 0.4% increase in April, U.S. construction spending rose 0.9% in May, more than the 0.6% gain originally forecast by economists polled by Reuters. Spending on private construction projects rose 1.1%, while investment in residential construction rebounded 2.2% after a 0.9% drop the previous month.
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
Residential developer HUB and real estate investment manager MARK have got the planning thumbs for a 48-storey residential-led scheme at 2 Snowhill Plaza in Birmingham. The project will deliver 462 build to rent homes, public realm, ground-floor commercial space and onsite amenities. Designed by architect Metropolitan Workshop, the proposal for 2 Snowhill Plaza would replace a vacant commercial property acquired by the duo last year.
Formwork specialist Peri has completed the 12th and final shipment of its 10,000t of customised steel formwork to the Fehmarnbelt tunnel factory at Rødbyhavn, Denmark. The post Delivery of 10,000t of custom steel formwork marks milestone for Fehmarnbelt tunnel appeared first on New Civil Engineer.
Multiplex and Murphy shared the honours in the contracts league rankings for orders taken in June after both firms bagged a project estimated to be worth £200m. Murphy took the contract to build a £200m station in south Cambridge for the East-West Rail line. Enabling works are underway at the site located next to the Cambridge Biomedical Campus, home to the Royal Papworth Hospital and AstraZeneca headquarters.
Buildots, the award-winning leader in AI-based automated progress tracking, has announced the launch of Plan Tracker. This new suite of tools helps construction project managers plan and track weekly activities and milestones accurately. It uses project-specific data to keep an eye on plans. The system measures effectiveness, leading to performance improvements.
Risk management in construction faces pressure from tighter margins, compressed timelines, and increasing complexity. This guide shows how AI strengthens project stability by predicting risks across cost, schedule, safety, supply chains, and workforce planning. AI algorithms analyze procurement data, subcontractor bids, equipment performance, and site conditions to identify potential disruptions.
Reston, Va. – Early estimates for structural quantities are important for truss design, as that can help engineers optimize before design begins. A new technical report from American Society of Civil Engineers (ASCE), Efficient Design of Spanning Trusses: Charts and Tools , will help engineers select the most efficient designs for single-span structural steel trusses, as well as discusses the optimization procedures that could be applied to other structures.
Everything’s Bigger in Texas, Including Home Price Drops ldeakins Thu, 07/06/2023 - 12:13 After years of record appreciation and red-hot sales, home prices are beginning to fall across the U.S., and Texas is leading the charge The median U.S. list price fell 0.9% in June, while the number of active listings rose by 7% year-over-year, according to Realtor.com’s June Housing Report, but affordability challenges are still causing would-be buyers to think twice about home purchases.
Fibersmith, a provider of engineering, fiber network design, and software services for telecommunications providers across the country, has acquired Ahneman Kirby, a Connecticut- based civil and structural engineering firm. The acquisition combines decades of experience from both companies, expanding an already vast portfolio of services to more areas, as well as creating innovation opportunities and expanding infrastructure.
Simple Design Tips for a More Sustainable Home ldeakins Thu, 07/06/2023 - 12:18 These small but impactful design solutions can make any home more sustainable Sustainable home design is a broad concept, but one that's becoming more popular as younger and more climate-conscious generations reach peak homebuying age. According to the National Association of Realtors, incorporating sustainability into the home can be as simple as reclaiming and recycling materials such as hardwoods, tile, and light
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Construction and demolition waste materials, often referred to as C&D waste, are the byproduct of construction, refurbishment, and demolition activities involving buildings, roads, and bridges. (adsbygoogle = window.adsbygoogle || []).
Builder Incentives Drive Demand in the New-Home Market ldeakins Thu, 07/06/2023 - 12:23 Home builders are offering up bigger deals than ever before in an effort to lure homebuyers into the new-home market, and so far, those incentives appear to be working Spiking interest rates are chipping away at buyer demand and deterring would-be home sellers from relocating and refinancing, but despite mounting affordability obstacles in the market for existing for-sale homes, the new-home market is booming
The Summer 2023 Housing Market Is Anything but Hot, Experts Say ldeakins Thu, 07/06/2023 - 12:31 Just when it should be heating up, the housing market is cooling down, and experts say that could be the case for the next several months The summer weather may be heating up, but the housing market is keeping cool even during peak homebuying season. Home prices began correcting at the close of 2022 as elevated interest rates forced a slowdown after years of record home appreciation and speedy sales,
CONSTRUCT™ by CMiC delivers structured project management built for the realities of construction. It brings together RFIs, submittals, drawings, and punch lists in a connected environment that prevents gaps in communication and documentation. Risk is managed in real-time with issue tracking, automated compliance checks, and daily journals that surface hidden patterns.
The National Access and Scaffolding Confederation (NASC) has appointed Clive Dickin as its new chief executive. Dickin was commercial director of the Institute of Export and International Trade from 2021 until March 2023. He held the same role at the National Federation of Builders between… The post NASC appoints new chief executive appeared first on Construction News.
Network Rail is looking to improve its communications strategy to better deliver updates about unplanned disruptions from infrastructure failures. The post Network Rail refocuses communications strategy to better deliver news of unplanned disruptions appeared first on New Civil Engineer.
Construction output has fallen due to “a steep downturn in housing activity”, according to S&P’s UK construction PMI figures for June. At 48.9, down from 51.6 in May, the Purchase Manager Index (PMI) dropped below the 50.0 threshold for the first time in five month… The post Collapse of housing work sees construction output fall appeared first on Construction News.
An international consortium led by WeBuild has completed the €500M (£427M) Braila Bridge across the Danube River in Romania, making it the second longest suspension bridge on mainland Europe. The post WeBuild completes mainland Europe’s second longest suspension bridge in Romania appeared first on New Civil Engineer.
Grow Leads & Visibility! Contractors need more than word-of-mouth. A strong website boosts visibility, draws in leads, showcases skills, and enhances your credibility. Learn how a quality site, that is easy to manage, can set you apart from the competition, and help can take your construction business to the next level. Marketpath is a leading provider of high-quality website solutions tailored for contractors and the construction industry.
Roads Australia has announced that Tyre Stewardship Australia has joined the peak body as a member organisation. Roads Australia says both organisations will work together across the tyre recovery supply chain to minimise waste and increase value for government, industry, businesses, and consumers. Related stories: New program to improve NSW road safety New grants for local road safety Downer awarded $540M road maintenance contract Tyre Stewardship Australia works to promote the use and end-mark
The much delayed delivery of Milan’s new £1.5bn (€1.7bn) underground metro line is ramping up with contractor Webuild opening two more new stations, San Babila and Tricolore. The post Eight of 21 stations now open on Milan’s £1.5bn new underground metro line appeared first on New Civil Engineer.
Home Builders: Did You Know? kcichowicz Thu, 07/06/2023 - 12:32 Westwood was founded by a home builder and has served the builder community for over 70 years.
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