Contractors News – Page 339
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Bovis asks suppliers about Rok exposure
Bovis Lend Lease has written to its supply chain asking firms to clarify their exposure to the Rok collapse, in a move that has angered subcontractors
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Construction firms spared squeeze on government jobs
Cabinet Office will demand efficiency savings not price cuts from building contractors
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What went wrong at Rok? The City view
“Hindsight is a wonderful thing,” says Andrew Brown, an analyst at Panmure Gordon, “but Rok’s first major profit warning was two years ago, related to the slowdown in their regional contracting business.”
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ISG targets US retail clients
ISG is targeting high-profile retail and commercial clients in the US for the first time as part of a new strategy to win work with America-based businesses across the globe
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Rok redundancies near 400
Closure of Scottish plumbing, heating and electrical business leads to 268 more job cuts
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Contractors wrestle for control of Rok
Carillion, Mears and Kinetics among those talking to administrator as it emerges contractor owed suppliers £100m
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Balfour Beatty order book hits £15bn
Contractors confident of global growth despite fall in revenue over last three monhts
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Rok administrators lay off 711 staff
PwC cut parts of business of little interest to possible buyers
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Vinci construction turnover falls 3%
French group sees overall revenue grow but construction division weakens
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More than 50 firms eye up Rok contracts
Contractors interested in profitable parts of Rok business but administrator wants to sell as single entity
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Morgan Sindall: Connaught contracts £60m less than thought
Contractor to write down £3m over purchase of £28m suite of contracts
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Leadbitter and Kinetics stalk failed contractor Rok
Regional contractor and social housing firm join Mears in the battle to take over Rok’s business
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Rok administrators vow to pay 3,800 staff
PwC says priority is to review and sell the collapsed company
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Costain sells PFI stakes to reduce pension deficit
Costain reports strong performance and PFI deal to significnatly reduce its pension deficit
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Carillion wins £100m of work in Oman
Contractor grabs both construction and facilities management jobs
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FM contractors demand rebates from suppliers
Carillion and Norland among facilities management firms asking supply chain for money back
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MoD may restart £12bn job
Government considers new proposals for St Athan training facility in Wales
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Government announces boost for SMEs
Mark Prisk unveils measures to help small and medium sized businesses
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Laing O'Rourke hit as £14bn MoD scheme scrapped
Contractor part of Metrix consortium “terminated” for massive St Athan project
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Government publishes standard pre-qualification questionnaire
New questionnaire aims to save time and money and simplify bidding process