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Ferrovial Construction UK plunges to £30m loss

Construction Enquirer

Ferrovial Construction UK suffered a £30m loss last year after big provisions for forecast losses on the £2bn Silvertown Tunnel project in East London. of forecasted losses. The firm revealed total provisions of £54m on the project for the year ending 31 December 2022. This figure is made up of £19.6m in like-for-like terms to £213m.

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Acquisitive RSK looks to raise £500m through stake sale

Construction Enquirer

2021: Doubles again amid Covid to £350m; pre-tax loss £19m 2022: Revenue £796m; reported pre-tax loss £38m 2023: management accounts forecast £1.2bn Ryder said: “We are well aware that our growth strategy includes some very big numbers and significant goals for business growth. 2018: revenue doubles to £147m; pre-tax loss £9.3m

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Ridge on acquisition trail after £40m investment

Construction Enquirer

Ridge’s said its multi-disciplinary offering to clients across architecture, building services, engineering, planning, surveying, sustainability and transport, will be expanded by investing in talent across its core disciplines as well as through new acquisitions.

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Construction Costs Set to Increase by 3-6% in 2024

Construction Superintendent Magazine

Cost escalation will challenge construction firms, which will need to develop new processes and capabilities to keep costs under control and projects on track. The company also forecasts significant variation in cost escalation between major cities. For example, construction costs in Chicago, Illinois are predicted to rise 3.5%

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Roundabouts Ramp Up in Popularity | ENR: Engineering News.

ENR Construction

Sustainability. Annual Subscription : Get ENR magazine for one year and access to all articles published on ENR.com, along with ENR daily news alerts and weekly newsletters for only $87.00/Year. Regional news and information. Daily news alerts & weekly e-newsletters. Industry forecasts. Transportation. Environment.

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30+ Construction Industry Statistics for EMEA

Autodesk Construction Cloud

Industry trends, both near and farsighted, are likely to impact your approach to preconstruction, technology investments, sustainability, risk analysis, workforce planning, budgeting, operational efficiency, and the list goes on. These data points portray the current state of affairs while also forecasting what’s to come. Supply chain.

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LandSec gives full go-ahead to two London office jobs

Construction Enquirer

Mark Allan, chief executive of Landsec, confirmed the decision saying that the developer was now forecasting a shortage of Cat A office in 2025, giving it the confidence to press the schemes despite industry-wide cost inflation raising original building cost estimates. sq ft is now consented. “

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