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Engineering losses halve Briggs & Forrester profit

Construction Enquirer

Briggs & Forrester Group saw pre-tax profit halve to £1.6m Group financial director Jeremy Askew said: “It has been a particularly difficult year with high levels of inflation experienced impacting on the profitability of some fixed price contracts. after suffering a £1.6m Average headcount across the group slipped back 2.5%

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Job Order Contracting 2021 and Beyond

Job Order Contracting

Job Order Contracting 2021 is a competitively bid, firm, fixed-price, indefinite quantity contract, and integrated planning, procurement, and project delivery program for as-needed construction services. If a UPB is properly created it consists of “bare costs” only (no contractor overhead or profit). for normal work hours.

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Bowmer & Kirkland retains strong cash despite margin slip

Construction Enquirer

Derby-based building contractor Bowmer & Kirkland returned stable revenue and profit last year despite more challenging market conditions. Turnover was stable at £1.15bn, while trading profit fell by just over 22% to £47m as overall group margin slid from 5% to 4% in the tighter market.

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Best of 2021: Product highlights for LetsBuild GenieBelt live progress app

Lets Build

Yes, it is that time of the year again to share with you our roundup of LetsBuild’s GenieBelt 2021 product highlights! Backend performance and reliability will always be one of our main priorities and 2021 could be no exception to that. Read also: Best of 2021: Product highlights for LetsBuild’s QHSE & Documents (APROPLAN).

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Consultancy growth stabilises Mace at £1.9bn revenue

Construction Enquirer

Across the group, underlying profitability remained steady although pre-tax profit slipped 5% to £36m after a £13m hit on a revalued development joint venture for a mixed-use scheme in Oxford. Mace also delivered more than £214m of construction work through its construction management projects, not included in overall revenue.

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Fire safety provisions push Durkan to £9.3m loss

Construction Enquirer

Group turnover of £132m (2021:£137.5m) fell short of initial forecasts for the year with delays to project start dates due to cost inflation pressures and programme movements. The strategy has not adversely impacted orders so far with work secured or at bidder stage totalling £385m. having been provided for future works.

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Low Build-For-Rent Supply Drives Up Market Competition

Pro Builder

Mon, 11/01/2021 - 08:05. Without much available land, investors are seeking out profit among spaces where rezoning, redevelopment plans, and entitlement issues make it easier for developers to secure the land they need. Mike predicts 2021 new home sales will be below 800,000 and won’t go much higher in the near-term.