Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Week in numbers: Parliament pay packets and high-rise homes

Shedding light on the figures behind parliament’s revamp recruitment, hydroelectric expansion and Spie’s loss-making sell-off.

1,500 MW – Hydroelectric capacity

20180420 week in numbers sse

20180420 week in numbers sse

The energy giant has submitted an application to the Scottish Government to build the Coire Glas scheme near Fort William at an increased capacity of up to 1,500 MW. The company was originally granted planning approval back in 2013 for a 600 MW hydro scheme. 

23 per cent – Balance seeing growth

A net balance of 23 per cent of companies reported increased workloads in Q1, according to RICS’ latest Construction and Infrastructure Market Survey. This net balance (those reporting growth minus those reporting decline) has now been relatively stable in positive territory for four consecutive periods.

106,000– London’s future skyline

20180420 week in numbers london 2

20180420 week in numbers london 2

A survey by New London Architecture and GL Hearn found that 510 buildings over 20 storeys in height are currently in the pipeline. More than 90 per cent of these are residential, while a record number –115 – are currently under construction.

£666 – Daily rate for new chair

20180420 week in numbers parliament

20180420 week in numbers parliament

The recruitment process has started for the £40,000-a-year role, which will involve leading the team overseeing the delivery body that will carry out Parliament’s refurb. The chairperson will be required to work five days a month for their £40,000 annual salary.

934 – Q1 construction insolvencies

Construction insolvencies soared 73 per cent in the first quarter compared with the end of 2017, according to data from Creditsafe. There were 934 construction industry insolvencies in Q1 2018, up from 539 in Q4 2017. Failures in Q1 were also up 9 per cent year, with 856 insolvencies having been recorded in the first quarter of 2017.

£3.6m – Spie business loss

20180420 week in numbers spie 2

20180420 week in numbers spie 2

Spie said a deal had been agreed in principle with the Esher-based firm, but is still subject to commercial checks and consultation. The completion of the deal would see Spie’s distribution and transmission contracts transfer to Keltbray.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.