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Contractors are tightening their belts by reducing dividend payments and hoarding cash as the UK’s biggest construction players seek to avoid becoming the next Carillion. Here, finance editor David Price explains the financial health of the UK construction industry.
Contractors are bracing for rising costs over the next 12 months but order books continue to grow, according to Turner & Townsend’s latest market intelligence report.
A look behind the numbers as Parliament’s revamp gets an updated timetable and Balfour Beatty is selected as sole contractor on a multi-billion-pound framework.