Latest Business News

Winners named on £1bn public sector consultancy frameworks

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Aecom, Arcadis, Arup and Mace are among the major infrastructure and construction firms to win a place on SCAPE’s new specialist consultancy frameworks.

Together the new suite of frameworks will be worth £1bn. Split across six lots the frameworks cover built environment consultancy, civil engineering and infrastructure consultancy and a new…

Balfour Beatty results boosted by HS2 construction start

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Balfour Beatty will end this year with an order book of around £17bn, boosted by the award of notice to proceed on High Speed 2 (HS2) in April.

The year-end order book is an increase on the £14.3bn which the firm recorded in 2019, according to a company financial statement. Balfour…

Construction Playbook heralded as ‘game changer’ for publicly funded projects

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The government has published best practice guidelines for public sector procurement within the construction industry.

The Construction Playbook contains 14 policies which set out commercial best practice and reforms to how contracting authorities and consultants and contractors should work together. The 14 key policies include the use of longer term contracts,…

WSP takeover of Golder nears completion

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WSP Global is entering the final stages of negotiations to take over engineering and consulting firm Golder.

The $1.14bn (£846M) deal is expected to complete in the first half of 2021, subject to final approvals. It must be approved by the shareholders at a meeting scheduled for 13 January 2021. WSP…

Skanska agrees £50M sale of infrastructure arm

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Infrastructure firm M Group Services has taken another step towards acquiring Skanska UK’s infrastructure services operation, with contracts exchanged for the £50M deal.

Completion is expected in 2021. Skanska’s announced it was putting the business up for sale in February. The operation covers highways maintenance, street lighting, rail and highways projects.…

UK Infrastructure Bank to be in place by Spring

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Chancellor Rishi Sunak has announced that a UK Infrastructure Bank will be in place by the Spring.

Sunak announced the plans for a UK Infrastructure Bank, as part of his Spending Review announcement. It came alongside the long-awaited National Infrastructure Strategy, which included other announcements including a full commitment to fund…

Prioritising people key to pandemic recovery

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Covid-19 continues to impact the engineering and construction industry, presenting challenges and uncertainty for the entire supply chain.

Despite activity picking up since the national lockdown in spring – and the promising breakthroughs in vaccine development – a quick recovery is not expected and a full recovery not taken for granted.…