March 2009

8 The number of construction firms going out of business each week, according to PriceWaterhouseCoopers.

98 The percentage of subcontractors waiting 30 days or longer for payment, according to the latest National Specialist Contractors Council state of trade survey.

100 The number of redundancies Vinci is planning following the merger of its UK contracting businesses, including Taylor Woodrow and Norwest Holst – that’s 3% of its 3,200 staff.

380 The number of staff consultant EC Harris is planning to lay off globally this year.

15,000 The number of contractors being permitted to delay tax payments after brokering deals with HM Revenue & Customs. The extensions were agreed using the Business Payment Support Service launched last November.

550m The value, in pounds, of the contract won by Carillion’s Abu Dhabi subsidiary to build one element of the £10bn Al Raha Beach development.

It will include a 14-storey office building, 16 apartment buildings, 148 town houses and 11 villas.

10bn The value, in pounds, of PFI schemes put on hold due to funding problems, reveal figures from data provider Barbour ABI. Among them are 240 education projects worth £2.3bn.

Source

Construction Manager