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McAleer & Rushe set for record year after 2022 profit fall

Construction Enquirer

The bounce back follows a disappointing performance in 2022 that saw pre-tax profit fall 19% to £12m from revenue flat at £404m, according to newly-published accounts. Project delays also caused year-end net cash to slip back to £45m from £59m previously.

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3 construction industry trends in 2023

Lets Build

The same issues plaguing the industry last year—labour shortages, supply chain disruptions, high material costs, lower profit margins, etc.—followed followed us into 2023. These challenges will likely result in even smaller profit margins in the months to come. Unfortunately, it won’t improve nearly as much as we want.

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Claritas Group went down owing £7m to supply chain

Construction Enquirer

The firm’s demise was confirmed by CEO and founder John Wardle who said: “To our supply chain who supported us to the end. Claritas specialised in projects up to £70m across the residential, commercial and education markets. turnover generating a pre-tax profit of £455,000. Details show trade creditors owed £2.7m

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Fieldwire and Hilti: Leading construction productivity through software and hardware

Fieldwire

It powers more than 1 million commercial, industrial, heavy civil and residential projects at some of the largest construction companies in the world. “We With Hilti, we have found a partner that not only shares our values but also allows us to accelerate our product roadmap for our customers while expanding in new markets. “We

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Low Build-For-Rent Supply Drives Up Market Competition

Pro Builder

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. If there used to be a hot tub full of cash for build-for-rent (BFR) deals, now there is an Olympic-sized swimming pool. Read More. .

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General Contractor Salaries in 2022

Lets Build

Here’s how general contractor salaries compare across the globe: The average general contractor salary in the US is €52,000. To keep things simple, we’ll compare US salaries as the percentage difference is similar in most areas, even if the overall numbers vary. How much does a general contractor make? Business management.

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Selling a House with Solar Panels is Fraught with Peril

Green Building Law Update

That observed, many residential solar panel ‘leases’ contain language similar to, You agree that the solar panel system is the Company’s personal property under the Uniform Commercial Code. But because in many residential transactions, title companies do not search the UCC-1 indexes (. Some of the companies engaged in this business (.

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