Nearly a third of construction firms have been forced to switch from housebuilding to other types of work due to inadequate professional indemnity insurance, PII, according to an industry poll. The Construction Leadership Council’s, CLC, survey found SMEs were particularly badly hit by increased premiums and excess levels plus wide-ranging exclusions. Out of the 652 […]
West Midlands businesses can find out how they can benefit from the huge opportunities presented by HS2 at a special online summit this week. HS2 is the largest infrastructure project in Europe and the most important economic and social regeneration project in decades, with the West Midlands at the heart of the new high speed […]
New homes in London recorded a 51 year-on-year increase according to the National House Building Council’s, NHBC, registration figures for the first quarter of 2021. Wales saw an 84 rise followed by 65 for the East Midlands and 52 for the West Midlands. Northern Ireland experienced an 8% decrease and Scotland a 6% drop. Overall, […]
The latest new-build sector insight by the new-build sales optimisation platform, Unlatch, has revealed that developer profits have bounced back on the decline seen during the first year of the pandemic, although they remain below the levels seen prior to the pandemic. Unlatch analysed the profit before tax of the nation’s eight big housebuilders and […]
Eastwood has sold its 7.5 acre Hertford Industrial Estate site in Caxton Hill Hertford, which it owned jointly with VFund and ASK Capital Partners, to investment manager BlackRock for £16,600,000. The privately owned East London based property development and investment company unconditionally acquired the 130,000sqft estate in 2018 from LaSalle Investment Management. With initial plans […]
Capitalise, the small business platform that gives businesses and their adviser transparency and control over their finance all in one place, has today announced a partnership with Procore Technologies, Inc, a leading global provider of construction management software. As part of the partnership, Capitalise is now be available on the Procore App Marketplace, enabling the […]
Building output was boosted by sustained rise in new work across the board according to the Construction Purchasing Managers index for March. The latest reading of 59.1 was unchanged from February and well above the 50 mark that separates expansion from contraction. The index revealed the joint-fastest rate of output growth since June 2021 boosted […]
A greener way of using concrete in housebuilding has gained the thumbs up from the National House Building Council, NHBC. The warranty company has approved Roger Bullivant’s RBeam precast concrete foundation opening the door for getting insurance for more houses built this way. The National Federation of Builders, NFB, housing and planning head Rico Wojtulewicz […]
A new bill forcing builders to assess the carbon emissions of a new project prior to construction will force SMEs out of business, the industry has warned. Conservative MP Duncan Baker’s private members bill would require them to measure, report and reduce a scheme’s carbon emissions during the design process. SME construction firm Hofton & […]
The rapidly changing geopolitical landscape will fuel a re-emergence of supply chain pressures within the UK construction sector, reversing what has been a gradual improvement since Q3 2021 says RSM UK. This will further exacerbate pre-existing labour shortages, pricing and project delays. According to the latest PMI data by IHS Markit and CIPS, February PMI […]
30/11/2022
Edition 303 – October/November 2022
Turnaround, a vital culture By Business Money group editor Robert Lefroy TMA...
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