DEMOLITION TOUR
Turnover grew 6.5 percent last year at Morrisroe Demolition, the company formerly known as Cantillon, according to annual results released in August. The demolition and groundworks specialist made a pre-tax profit of £1.3m on revenue of £34.6m in the year to 31 October 2022. Company director Brian Morrisroe said: “A strong portfolio, including a significant volume of projects delivered with repeat order projects, has brought trade back to pre-pandemic levels”
DIP OF AUGUST
Construction output fell slightly in August compared to July, the latest CIPS/PMI data showed. Despite expansions in civil engineering and commercial works such as office refurbishments, the decline in new orders across all categories was the worst fall since May 2020.
HIGH COST
Implementing secondary legislation for higher-risk tall buildings under the new building safety regime could cost an initial £2.91 billion over 15 years, according to a worst-case estimate in an impact assessment of the Department of Leveling, Housing and Communities.
BIG DEAL
Kent County Council is to buy and lease £500 million worth of construction equipment, divided into six lots. The deadline for submitting offers is October 27.
87
The number of contractors, including Kier, Tilbury Douglas and Wates, who have won places in a new £8bn public sector framework from Procure Partnerships.
10
The number of local authorities in the Eastern Highways Alliance, which is looking for contractors for a £400m road infrastructure framework.
79%
The pass rate for the on-site construction T-level course in the latest results, with 59 out of 75 students on the two-year course achieving a pass or higher.
11 million pounds
The sum to be paid by Galliford Try to Highlands and Islands Enterprise after a dispute over the closure of a funicular was settled out of court.
VARIABLE INFLATION
Economic volatility could mean different inflation rates across the country, Gleeds notes in its latest quarterly forecast. The highest inflation for the whole of 2023 is forecast in the Northeast.
