Costain

Costain chief executive Alex Vaughan has vowed to work with suppliers to help them manage the impact of the war in Ukraine. Vaughan said the £1.1bn-turnover contractor was already in discussions with its supply chain about ways to mitigate the effects of inflation and material shortages expected as a consequence…

All tier one contractors still working on Crossrail will be demobilised during the next six weeks. Crossrail chief executive Mark Wild (pictured) confirmed that the Costain Skanska JV (CSJV) will wrap up at Paddington station within four weeks. Meanwhile, a JV between Balfour Beatty, Morgan Sindall Infrastructure and Vinci Construction…

Costain has ended its contract dispute with National Grid with a payment of £43.4m. In a stock market update the contractor stated that the final settlement is reported to have been £10.1m less than it had previously estimated.  The contractor said that the payment was reduced following negotiations with the…

HS2 could use alliancing style contracts for future work to get the “best value”, Construction News can reveal. HS2 chief executive Mark Thurston said the megaproject with its web of contractors created an opportunity for closer collaboration. Thurston told CN: “There’s a lot of good learning about how we as…

Murphy has been awarded a major contract to expand a Liquid Natural Gas (LNG) facility on the Isle of Grain in Kent. Murphy's contract, understood to be worth more than £100m, includes delivery of three gas compressors and equipment rooms, two submerged combustion vaporisers and two export tank pumps. The…

Costain has been picked to reconfigure junctions on the M6 motorway. The £100m job will include relocating a J33 slip road 2km to the north in Lancashire, and connecting the new slip road with the existing A6. This will create a bypass for the village of Galgate. In addition, the…

The future of the multi-billion-pound smart motorway programme hangs in the balance after all future projects were put on ice. Yesterday, the Department for Transport (DfT) decided to adopt the recommendation by a transport select committee in November 2020 calling for new projects to be paused while more safety data is…

Costain has warned investors that it expects to pay National Grid £53.5m in January for a contract it agreed to exit in June 2020. In a market update this morning, the company said it would look to recover some of this payment from the National Grid. It said its claim…

Crossrail ended its contract with the Costain/Skanska team working on Bond Street station as having the JV restart work during the pandemic was impractical and too expensive, the project’s boss has claimed. Speaking before a London Assembly transport committee, chief executive Mark Wild said the mutual agreement with the JV…

Costain has appointed Matthew Higham as its new chief digital officer. Higham is set to join the contractor on 1 December after leaving his position as chief digital officer for Microsoft UK. Higham will sit on Costain’s executive board, and fills a role that has been vacant since April when…