The past seven days have revealed Corbyn’s infrastructure pledge, dozens of winners on a coveted government deal, and a Japanese move for a UK engineering consultant.
£250bn – Labour’s infrastructure pledge
The document, which was leaked earlier this week, also showed the party wants to build at least 100,000 council and housing association homes a year.
94% – Firms tendering in the commercial sector
The commercial sector has been the busiest in terms of tendering activity in the first half of the year, according to consultants Gleeds. However, nearly a quarter of respondents noted that there had been a downturn in construction activity since last June’s EU referendum.
31 – Winners named on £2.9bn deal
Big hitters including Arcadis, Capita, Gleeds, Mace and Turner & Townsend won places on multiple lots of the Project Management and Full Design Team Services framework, which has been hit by delays.
140p – Waterman’s agreed takeover offer
The offer represents an 85 per cent premium over Waterman’s current share price, with the deal now going to shareholders for approval. The acquisition of Waterman would be CTI’s first outside of Japan.
9.8% – Growth in private housing R&M
Private housing repairs and maintenance work grew 9.8 per cent year on year in Q1 2017, according to the Office for National Statistics. In contrast, private industrial work saw a significant slump, nosediving by 17.7 per cent.
£5m – PwC’s fine
The FRC said it had made findings of misconduct in relation to three areas of audit: mobilisation costs, long-term contracts and intangible assets. PwC said it had worked to improve procedures and processes.