Contractors – Page 262
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NewsWates construction profit drops by 50%
Chairman and chief executive Paul Drechsler hails “very solid” results despite drop in pre-tax profit for construction business
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NewsAnger at Carillion’s 120-day payment terms
Shadow business secretary expresses concerns over move to extend standard payment terms to 120 days
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NewsCarillion defends 120 day payment scheme
Contractor says it is getting good feedback from the ‘large number of suppliers’ signed up to the scheme
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NewsWates hails 'solid' results for 2012
Wates construction pre-tax profit down 48% but turnover holds up
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NewsFive firms race for Olympic stadium conversion
Exclusive: Five contractors, including stadium builder Sir Robert McAlpine, in the running for £100m 2012 stadium conversion job
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NewsBalfour Beatty’s £500m incinerator denied planning
Scheme for Gloucestershire council thrown out by councillors
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NewsMace bags £250m Victoria Circle job
Exclusive: Contractor to build mixed-use scheme that forms largest piece of Land Securities’ 15-year transformation of Victoria
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NewsCarillion to double maximum payment terms to 120 days
Exclusive: Subcontractors will have to pay fee to get money before 120 days as part of new payment system
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NewsMears reports record revenue after Morrison buy
Social housing contractor reports revenue of £680m in 2012
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NewsBalfour Beatty predicts revenue will fall by 20%
Construction giant announces it is to withdraw from bidding on ‘uneconomic’ work and switch focus to restricted markets
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NewsMoD reopens bids for £250m Scotland framework
The Ministry of Defence’s estate arm has reopened the bidding race for construction work on military estates in Scotland
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NewsMiller back in the black after strong year
Miller has returned to profit after posting a solid set of results with a record increase in its construction order book
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NewsPriority schools programme struggles to source finance
Government is looking to European Investment Bank and capital bond markets to finance £2.4bn private element of programme
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NewsBam lined up for £300m Google HQ
Bam Construct selected as preferred bidder for Google’s £300m King’s Cross headquarters job
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NewsBalfour Beatty to slim down to £2.5bn business
Balfour Beatty UK construction boss says he expects revenue to fall by 20% this year as UK construction business withdraws from ‘uneconomic’ jobs
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NewsConstruction output falls sharply
Steep drop in public sector and private commercial drives output down 10.2%