The UK construction sector is set to face the spectre of increased insolvency, exacerbating price rises while rivalling inflation as a threat to successful project delivery, Turner & Townsend has warned. As inflationary pressure persists, the global professional services business’ latest U
Turner & Townsend
Professional services business Turner & Townsend has been selected to support GlaxoSmithKline (GSK) with their capital portfolio management in Montrose.
Real estate developers in the UK should brace for further increases in construction costs that will impact the viability of planned projects, as labour shortages, Brexit red tape and war in Ukraine maintain pressure on prices, Turner & Townsend has warned. The global professional services firm&r
Maxi Construction has been awarded a £2.5 million contract from Scottish Borders Council for the construction of Hawick Business Centre, a new three-storey business space hub for small businesses within Hawick town centre. The new 433m2 development will be constructed across three floors provi
Soaring inflation in the UK construction sector exacerbated by the conflict in Ukraine means that businesses should focus on securing a resilient supply chain and getting the basics right to guard against further shocks, according to Turner & Townsend.
The UK construction sector needs to act now to boost productivity and counteract soaring inflation for labour and materials in the years ahead, according to Turner & Townsend.
Transport Scotland has reappointed Turner & Townsend to provide the audit and monitoring service in relation to the technical, financial, and commercial management of the maintenance and improvement of the Scottish Trunk Road Network.
The UK construction sector cannot ‘firefight’ inflation but needs to look at a range of levers to manage the prospect of tender price rises to 5.5% as far ahead as 2025, according to professional services company Turner & Townsend.
The Ayrshire Hospice could be set for a £13 million refurbishment and redevelopment to help ‘future proof’ the facility under new plans lodged to South Ayrshire Council.
A multi-disciplinary consultant team led by Turner & Townsend has been appointed by the City of Edinburgh Council to work with the Wester Hailes community to translate their vision into a master plan for the area.
Real estate firm CBRE is to acquire a majority interest in project management firm Turner & Townsend. CBRE will acquire a 60% stake for approximately £960 million in cash, with 55% to be paid upon closing, and enter into a strategic partnership with the UK-based company.
The construction sector should prepare for the possibility of sustained price pressures, according to Turner & Townsend’s latest UK Market Intelligence Report.
Construction Scotland Innovation Centre (CSIC) has announced the appointment of Andy Outram as its new chairperson. Andy has extensive experience across the UK’s construction sector, having worked in the industry for 35 years. He is currently lead director for real estate in Scotland at Turner
As the industry looks to power the post-COVID economic recovery, embedding sustainability strategies will be critical to strengthening the supply chain and achieving the country’s net zero targets, according to the latest UK Market Intelligence Report (UKMI) from Turner & Townsend.
A multi-disciplinary design team led by architects Hawkins\Brown and civil and structural engineers Civic Engineers has been appointed to regenerate both banks of the River Clyde at Custom House Quay.