Supply Chain

Hull-based framework provider Pagabo has alerted firms to a £1bn refit and refurbishment framework. The four-year-long framework, in its second generation, will replace the current framework that ends in February next year. The new edition of the scheme will start two months afterwards, in April. Pagabo is tendering on behalf…

Annual construction price inflation has fallen for the second month in a row, latest figures from the Department for Business, Energy and Industrial Strategy (BEIS) show. Statistics for all new work showed that prices had risen by 17.8 per cent in the year to August 2022, compared to the same…

The Factory art centre project in Manchester is running almost £100m over budget, official papers reveal. The 12,000m2 development in Walter Street had a £111.6m price tag when it was approved in 2017. The scheme, which is being developed by Allied London and Manchester City Council, includes a 7,000-capacity venue and was…

British Steel’s owner has asked the UK government for a £500m cash injection to keep its furnaces in Lincolnshire burning. Chinese firm Jingye, which bought British Steel out of administration in 2020, said the cash would ensure its Scunthorpe furnaces remain viable, according to the Financial Times. It has asked…

Close to 17,000 construction-related businesses are at “significant risk” of insolvency, research suggests. Spiralling construction costs coupled with high inflation and rising interest rates on debt have contributed to a 54 per cent hike in the number of firms that are financially stressed, data from tax advisory firm Mazars has…

Plans for a huge underground nuclear waste disposal facility could create more than 4,000 jobs, a government report says. The paper published by Nuclear Waste Services (NWS), a government agency, said works to build a geological disposal facility (GDF) – the location of which is yet to be decided –…

Mace’s turnover for the coming year will have a £60m hole due to projects affected by the fallout of the invasion of Ukraine, the firm's chief executive has revealed. The initial period of Russia's war with Ukraine – between March and June – was “really challenging” for the firm, Mark…

Steel-fabrication specialist William Hare has recorded a pre-tax loss of £2.22m. The contractor, which is one of the biggest in its sector, saw its profit more than halve in 2020, from £5.3m in 2019 to £2.4m the following year. The latest financial results posted by the group for the year…

The incoming government needs to urgently address the negative impact of the new post-Brexit standards regime on the building products market, finds Greg Pitcher The year was 1993. Inflation ran as low as 1.6 per cent, Manchester United won the inaugural Premier League and the CE mark was introduced in…

Mat Lown is head of ESG and sustainability at TFT Consultants Among the biggest issues currently facing the UK construction industry are the risks associated with global supply chains. We are all aware of the contributing factors and the impact they can have on construction projects. In particular, rising development…