James Wilmore | Construction News

Executive pay 2023: sharp earning curve

James Wilmore — Tue, 21 Nov 2023 12:45:55 +0000

Construction News research reveals a 30 per cent hike in the average annual package for the 20 best-paid contractor plc executives Amid the continuing cost-of-living crisis, executive pay remains a contentious issue for the general public. In August, the High Pay Centre (HPC) revealed in…

The post Executive pay 2023: sharp earning curve appeared first on Construction News.

Missing pieces: Is the industry ready for the Building Safety Act?

James Wilmore — Tue, 23 May 2023 05:50:04 +0000

As construction professionals and legal experts digest the real-world implications of the Building Safety Act, what are the big unanswered questions? Nobody needs reminding that ongoing building safety reforms are aimed at avoiding a repeat of the dreadful events of June 2017, when 72 people…

The post Missing pieces: Is the industry ready for the Building Safety Act? appeared first on Construction News.

Sharing the load: are fixed-price contracts a thing of the past?

James Wilmore — Wed, 01 Mar 2023 06:50:59 +0000

With many subcontractors bitterly regretting the fixed-price contracts they signed before inflation spiralled, James Wilmore asks whether fluctuation clauses and advance payments will become the norm “Collaborative risk-sharing will be key to preserving industry resilience and capacity moving forward.” These were the words of the…

The post Sharing the load: are fixed-price contracts a thing of the past? appeared first on Construction News.

Supply chain warning over building safety deadline

James Wilmore — Tue, 31 Jan 2023 06:50:41 +0000

The government’s deadline for developers to commit to fixing unsafe towers could lead to “conflict and costs” as pressures are passed down the construction supply chain, a trade body has warned. In a letter to developers, levelling up secretary Michael Gove has given a six-week…

The post Supply chain warning over building safety deadline appeared first on Construction News.

Eight firms win spots on £1.5bn public-sector framework

James Wilmore — Wed, 04 Jan 2023 12:39:20 +0000

Eight firms, including some of the industry’s biggest names, have won places on a £1.5bn framework covering public-sector projects across the North West of England. Kier, Sir Robert McAlpine, ISG, Vinci and Morgan Sindall are among those named on the four-year framework, which kicks off…

The post Eight firms win spots on £1.5bn public-sector framework appeared first on Construction News.

Revealed: the top 20 best paid construction plc bosses

James Wilmore — Tue, 11 Oct 2022 05:50:56 +0000

The industry’s highest earners have once again seen their pay rocket, after COVID lockdowns brought a year of restraint. James Wilmore examines how the rises sit within a context of rising worries over the cost of living for those further down the foodchain. Recent events…

The post Revealed: the top 20 best paid construction plc bosses appeared first on Construction News.

The data space race: is data centre construction set for take-off?

James Wilmore — Wed, 27 Apr 2022 05:50:14 +0000

With demand for data-centre capacity set to increase tenfold between 2018 and 2025, opportunities abound for contractors – whether it’s building new sites or upgrading existing facilities. James Wilmore looks at the potential and the challenges

The post The data space race: is data centre construction set for take-off? appeared first on Construction News.

Payment times revealed: how long the biggest firms take to pay

James Wilmore — Mon, 13 Dec 2021 06:50:42 +0000

Construction News reveals the payment performance of the largest contractors in the UK, and James Wilmore examines how well payment reporting rules are working

The post Payment times revealed: how long the biggest firms take to pay appeared first on Construction News.

MPs: Crossrail ‘must end expensive tier-one contracts’ amid funding shortfall

James Wilmore — Fri, 29 Oct 2021 05:00:13 +0000

Crossrail must end its “expensive” tier-one contracts “as soon as possible” to control costs on the megaproject amid a potential £150m funding shortfall, MPs have said. In a new report, politicians on the public accounts committee revealed that Crossrail spent around £56m a month between…

The post MPs: Crossrail ‘must end expensive tier-one contracts’ amid funding shortfall appeared first on Construction News.

NG Bailey division falls to £10m loss

James Wilmore — Thu, 28 Oct 2021 13:12:56 +0000

NG Bailey’s largest division fell to a pre-tax loss of £10.2m in its last financial year, newly published accounts have revealed. The firm’s M&E design-and-build business, which accounts for more than half its turnover, said it was hit by “delays or cancellations of secured or…

The post NG Bailey division falls to £10m loss appeared first on Construction News.