Exclusive: Balfour Beatty chief executive Leo Quinn has confirmed the company is carrying out remedial works worth millions on the Don River Bridge as part of the Aberdeen Western Peripheral Route.
The man in charge of getting the Midland Metropolitan Hospital finished has told CN he wants up to five bidders competing for the £300m-plus contract to complete the job.
The government has confirmed it will directly fund the completion of Carillion’s Midland Metropolitan Hospital project.
Carillion features and analysis
The government has moved to bring more social value into public procurement. What exactly is proposed and what will it mean for contracts?
This week NG Bailey’s chief executive David Hurcomb told me the decision to “walk away” from bids had been a key reason behind his firm’s profit growth.
Corporate pay packets are being scrutinised like never before. CN analysed the accounts of the biggest listed construction firms to reveal who earns the most among the top bosses.
Retentions are back in the spotlight following Carillion’s collapse, yet the industry is divided on how to take action. Why are retentions being abused and how should they be tackled?
The Carillion story so far…
It has been almost two months since MPs on the Carillion joint inquiry published their explosive report into the contractor’s collapse.
Has workforce wellbeing improved since CN revealed the results of its first mental health survey in April last year – or is it still under pressure? Lucy Alderson investigates.
Lucy Alderson sits down with Skanska UK chief executive Gregor Craig to discuss how to tackle mental health in the industry – and why the subject is close to his heart.
Carillion entered liquidation on 15 January and since then 2,352 of its former employees have lost their jobs – 12 per cent of the workforce. Yet the full impact of its demise is still to play out.
“We’re trying to be a bit boring at the moment,” a chief executive of a CN100 contractor told me at a recent event.
Six months into the job, Bam Construct CEO James Wimpenny sits down with CN to talk margins, Carillion and the shining example of Huddersfield Town.
It feels like we’ve been talking about Carillion continuously since the construction giant entered liquidation in January – and with good reason.
Interserve’s chief executive Debbie White appeared in front of MPs on the public accounts committee this week to answer questions about the government’s strategic suppliers.
Today saw the government’s costs watchdog publish its investigation into the collapse of Carillion.
The troubled £745m Aberdeen bypass has been hit by repeated delays and the loss of Carillion. Lurking beneath these problems, CN has now seen reports and heard allegations of shocking safety standards that have prompted calls for a government investigation.
The damning conclusions of MPs’ Carillion report come as the industry braces for a challenging period.
PwC staff were paid an average of £356 an hour by the official receiver for their work on Carillion’s liquidation, letters released by MPs’ joint inquiry have revealed.
Balfour uses cash boost to pay down debtsSubscription
Balfour Beatty has used extra cash generated in the first half of 2018 to pay down debts, its interim results revealed this morning.
Residents living in a £35m housing development built by collapsed contractor Carillion have called on its developer to cover the costs of replacement cladding.
Carillion: Key background
Carillion has been handed an extra four months to prove to its lenders it will not breach its financial covenants.
Carillion’s largest shareholder has sold off half of its stake in the troubled contractor and services provider.
Carillion has issued a fresh profit warning and confirmed that it expects to breach its financial covenants at the end of next month.
Carillion has agreed to sell its UK healthcare arm to services giant Serco for £50.1m as part of the contractor’s debt reduction and restructuring plan.
Carillion interim chief executive Keith Cochrane has revealed his firm has cut £10bn from its potential project pipeline as part of a new approach to winning work.
Carillion has reported a £1.15bn half-year loss and revealed it is setting aside an extra £200m provision for problem support services contract.
Carillion has made amendments to rules that previously allowed investors to claw back bonuses awarded to the contractor’s top executives, it has emerged.
Troubled Carillion has revealed a major shake-up of its executive team, including the departure of its finance chief Zafar Khan with immediate effect.
Former Carillion chief executive Richard Howson has moved back into his previous role of chief operating officer at the troubled company, but will still leave the firm within a year.
Transport secretary Chris Grayling has defended the choice of troubled contractor Carillion as one of the firms to build phase one of HS2.
Carillion has brought in accountancy giant EY to look at cost reduction and cash collection as part of a strategic review of the troubled business.
Carillion chief executive Richard Howson has stepped down with immediate effect as the firm has said it will be “undertaking a comprehensive review of the business” following a profit warning.
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Tolent restarts work on £100m Carillion schemeSubscription
Directors face five-year ban on shares saleSubscription
MPs slam government over low pricingSubscription
Two more ex-Carillion leaders join MaceSubscription
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Subcontractors write off £2.8bn in bad debtSubscription
HS2 boss and construction minister join CN SummitVideoSubscription
Alumasc’s profit hit by Carillion falloutSubscription
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Carillion Aspire JV bought out by KBRSubscription
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Construction boss loans rocket to £548m in 2017Subscription
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Carillion inquiry: Government response revealedSubscription
Ex-Balfour MD appointed Van Elle chief execSubscription
Mayor wants Skanska to finish Carillion hospitalSubscription
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Over 300 ex-Carillion rail staff axedSubscription
Wates appoints David Allen as new CEOSubscription
Carillion design staff axed in latest job cutsSubscription