ISG

Seven contractors have won a place on a new £5.1bn, 10-year Strategic Alliance Contract from the Ministry of Defence (MoD). Galliford Try, Graham, ISG, Kier, Laing O’Rourke, Lendlease and Morgan Sindall will conduct the design-and-build elements of a new delivery, commercial and procurement strategy process within the MoD’s 25-year Defence…

ISG Ltd has reported flat revenue and lower pre-tax profit figures for 2022, although the contractor noted in its annual report that it still ended the year with zero debt, a strong cash position and a record forward-order book. The construction division of ISG (which also includes logistics and distribution),…

The government has scrapped its plans for the roll-out of smart motorways. The Department for Transport (DfT) and the prime minister decided to cancel all 14 of the planned motorway upgrades, following a “summer campaign pledge” made by Rishi Sunak in his bid to become leader of the Conservative Party.…

ISG has been appointed to refurbish hundreds of cells at a major prison – to bring them back into use. The £61m contract involves ISG refurbishing 300 single prison cells at HMP Birmingham so that they can be used again, and is part of the Ministry of Justice’s (MoJ) bumper…

Kier, Morgan Sindall and Lendlease are among the big winners on a £2.5bn construction framework announced by the Ministry of Justice. The five-year framework covers new builds, refurbishment, maintenance and minor works across three value lots. For the national lot – projects worth £10m to £30m, with a total value…

Construction looks set to restart on a £3.8bn vehicle-battery factory in Northumberland now its bankrupt developer, Britishvolt, has been acquired by Australia-headquartered Recharge Industries. David Collard, chief executive of Recharge's parent company Scale Facilitation, said in a statement: “Our [acquisition] proposal combined our financial, commercial, technology and manufacturing capabilities with…

Australian electric-battery manufacturer Recharge is poised to acquire Britishvolt in a rescue deal. Administrators EY announced in a statement this morning that the majority of the Britishvolt business and most of its assets will be transferred to Recharge and its US parent company Scale Facilitation Partners, if the acquisition is…

Environmental, social and governance (ESG) property valuation techniques could help to unlock development opportunities for the construction industry outside urban centres, according to new research from the Centre for Economics and Business Research (CEBR). The Sustainable Buildings Monitor: Redefining Value report for contractor ISG, released earlier today, argues that a…

Troubled Britishvolt could sell a majority stake to an Indonesia-linked private equity firm, it has been reported. According to The Guardian, negotiations with London-based DeaLab Group could lead to a takeover of the UK electric-car-battery manufacturer and means construction work could resume on a £3.8bn battery cell gigaplant in Blyth, Northumberland.…

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 this month. The work includes…