A new $265bn annual profit pool awaits those willing to embrace construction's revolution. But, as consultant McKinsey warns Zak Garner-Purkis, as much as 45 per cent of the current value added by contractors is at risk.
Even the lead authors of McKinsey’s new construction report were surprised by the findings. The…
Modular developer Project Etopia has acquired self-build specialist Tribus Homes. Tribus, which specialises in helping people build their own properties, had previously partnered with Project Etopia to target the self-build market with a modular home offering, called E-Tribus. The buyout, for an undisclosed sum, will also see Etopia take ownership…
The West Midlands Combined Authority plans to insist that developers use offsite construction on some projects in the region. Speaking to Construction News, combined authority housing lead Mike Bird said he believes the speed of offsite delivery outweighs what he described as its higher cost. “The idea is we encourage…
The Bouygues / Laing O’Rourke joint venture building Hinkley Point C nuclear power station in Somerset has completed the site's second reactor base on schedule. Construction of the 49,000-tonne foundation required a continuous pour of 8,991 cubic metres of concrete, 37 cubic metres – 0.4 per cent – more than…
Ilke Homes has announced a reorganisation of the business to help it generate revenue quicker. The modular builder has set up a new homes and development division to be led by managing director Ben Miller. According to the firm, the new unit merges Ilke Homes’ core business – manufacturing offsite…
Consultants Atkins and Faithful+Gould, both part of the SNC-Lavalin group, have been commissioned by Homes England to assess the effectiveness of modern methods of construction (MMC) in housebuilding. The multi-year study aims to gather “long-term, in-depth and verifiable data” to inform future decisions about the use of MMC, focusing on…
Laing O’Rourke has been named as preferred bidder on a £160m 55-storey residential tower at Greengate in Salford, Greater Manchester. Developer One Heritage has signed a pre-construction services agreement with the firm on the project which will include 545 flats, ground floor commercial units and a new riverside walkway. Much…
A new modular housebuilder has launched today with £100m in private equity backing and plans for an initial residential development in Essex. The company, Impact Capital Group, said its first project was the redevelopment of a £16m town-centre site in Romford that it expects will yield a gross value above…
It has been heartening to hear renewed commitment to the Construction Sector Deal from government ministers since December’s general election. But what might this support mean over the course of this parliament? A lot has changed since the sector deal was launched in July 2018, and the related Transforming Construction…
As the construction industry continues to wrestle with its "productivity challenge" at a macro scale, the government has sought to improve national economic growth through improving wellbeing in poorer areas and narrowing productivity gaps regionally. The new catchphrase in prime minister Boris Johnson’s government is "levelling up", in response to…
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