The key figures behind the week’s big news, from Bam Construct’s new CEO, potential Heathrow activity and Willmott’s resi sale.
32 – Years at Bam Construct
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Mr Wimpenny spent nine of those as regional director of the North-east division of Bam Construction, before becoming an executive director of Bam Construct UK in 2015.
92% – of contractors have seen costs rise
The Construction Products Association survey for Q3 found that costs rose across all disciplines of the industry. On balance, however, 40 per cent of contractors reported a rise in output in Q3 2017 compared with Q3 2016.
65 – Potential Heathrow hubs
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Balfour Beatty and Laing O’Rourke are among those in the running to provide offsite hubs supplying components for Heathrow’s proposed expansion. Heathrow will select four winners, which will preassemble and consolidate components before transporting them to the airport.
6 > 4 – SRM streamlining
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SRM’s Wales and West centre will merge with the North-west hub, while the Scotland centre will be combined with the North-east’s, with the Southern and London centres remaining as they are. Around 90 jobs are under threat as a result of the regional restructure.
1.6% – Output decline in September
The ONS revealed that output declined by 0.9 per cent in Q3– marking a downwards revision from its initial estimate of 0.7 per cent published last month. This was caused by the latest data suggesting a 1.6 per cent decline in September. However, figures for July and August were both revised up.
70% – Willmott resi sale
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The contractoragreed terms to sell a 70 per cent stake in Be Living to EcoWorld International for an undisclosed sum. EcoWorld, which listed on the Malaysian stock exchange in April this year, has five current projects in the UK, including Embassy Gardens in London’s Nine Elms.