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Construction

Business

Law firm takes over construction consultant

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The £20m deal is Gateley’s largest acquisition to date. Gately has paid an initial consideration of £12.15m – 56% in shares and 44% in cash. Smithers Purslow will trade as Gateley Smithers Purslow with all members of the team remaining within...
Business

What To Do When Construction Clients Don’t Pay

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In construction, late payments are common, and it takes considerably longer for construction businesses to get paid. For construction businesses, the average daily sales outstanding (DSO)—the time it takes to collect on invoices—is 60 days. The general...
Business

Construction costs increase: Can a fixed-price contract be renegotiated?

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Construction cost inflation in 2021/2022 is unprecedented, after decades of price stability in the supply of materials, labour and plant, construction costs have skyrocketed together with shortages of all resources. Construction cost increases and shortages bring two problems; firstly, trading...
Business

Construction steel supplier sold in pre-pack deal

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The Cardiff Docks-based firm specialises in the broking and distribution of steel as well as in laser cutting tubular steel products for its customers in the construction industry. It became insolvent in March after a ruling against the firm in...
Business

The 5 benefits of lean construction practices

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Business

6 Ways to Improve Your Construction Company’s Profitability

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Construction companies are in business to do two things: build things and make a profit. So why do so many excel at the first thing but struggle to be profitable? Part of the reason is the way bids...
Business

Construction bodies in last minute pitch to delay red diesel ban

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Removing the red diesel rebate now would place the construction industry in “jeopardy”, industry bodies have warned. In a letter to chancellor Rishi Sunak and business secretary Kwasi Kwarteng, groups representing the industry warned that the end to the red...
Business

5 Ways Construction Technology Can Improve Your Safety Performance

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Globally, the construction industry is home to maximum workplace injuries and fatalities. This is why promoting a safety culture in your construction business is of great significance. But introducing a safety culture can’t happen overnight. Hence, it’s...
Business

UK construction loss slows Balfour Beatty profit recovery

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UK construction recorded a £2m loss in 2021, improved from £26m previously, following £46m of write downs on three residential jobs in London. One of these projects has been completed, with the remaining two projects expected to complete in the...
Business

The Biggest Construction Risks to Watch for in 2022 and How to Minimize Their Impact

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Every year, the dynamics of running a construction business change. The economic and political winds shift, new technologies arise, partners come and go, and clients face new demands and opportunities. This causes business and project risks to change as...
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Hurricanes, Rangers each bring confidence, promising history into Game 7

RALEIGH, N.C. -- Recent history would say one thing: The Carolina Hurricanes are going to win Game 7 of...
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