Financial & Legal

  • North Yorkshire names £50m civils framework contractors

    North Yorkshire names £50m civils framework contractors

    North Yorkshire has appointed contractors for a civils framework programme. The four-year agreement covers bridge repairs, resurfacing, drainage, retaining walls, culverts, and highway infrastructure works across North Yorkshire and York.

  • Heathrow planning application cost heads towards £800m

    Heathrow planning application cost heads towards £800m

    Heathrow’s expansion planning costs are heading towards another major threshold. The third runway planning application could cost up to £800m before submission, underlining the growing front-end burden attached to nationally significant infrastructure.

  • Minerva House overrun highlights refurbishment risk

    Minerva House overrun highlights refurbishment risk

    Minerva House shows how refurbishments can expose hidden delivery risk. GPE has linked a £14 million cost increase to site complexity and supply chain failures.

  • Rydon losses widen as remediation costs mount

    Rydon losses widen as remediation costs mount

    Rydon’s remediation bill continues to shape its financial performance today. The group reported a £4.9 million pre-tax loss as building safety liabilities weighed on the business.

  • Michelmersh to wind down Charnwood brick site

    Michelmersh to wind down Charnwood brick site

    Michelmersh will wind down Charnwood as brick despatches weaken nationwide. The move reflects uneven housebuilding demand, cost pressure, and tighter capacity decisions across UK construction materials.

  • CMA calls for civils procurement overhaul

    CMA calls for civils procurement overhaul

    CMA findings put civils procurement under sharper pressure again today. The watchdog wants clearer pipelines, standard designs, and more consistent public-sector buying across road and rail work.

  • Clarion wins approval for 228 Penge social homes

    Clarion wins approval for 228 Penge social homes

    Clarion has secured approval for 228 new social rent homes. The Penge scheme has shifted from 35% affordable housing to 100% social rent, increasing the affordable contribution on a key Bromley town centre site.

  • Grenfell investigation files move towards CPS decisions

    Grenfell investigation files move towards CPS decisions

    Grenfell investigation files are moving closer to prosecutor review stage. Police expect to submit files by September, with charging decisions due before the tenth anniversary of the fire.

  • HS2 cost range rises to £102.7bn

    HS2 cost range rises to £102.7bn

    HS2’s latest reset has formally pushed costs beyond £100bn again. The revised programme pushes first services into the late 2030s and full completion into the early 2040s.

  • Late-payment bill targets retentions and 60-day terms

    Late-payment bill targets retentions and 60-day terms

    Construction payment reform has moved into Westminster legislation this week. Proposals would cap payment terms, mandate late-payment interest, strengthen enforcement, and move to ban cash retentions across construction contracts.