Feds Withdraw $4.9B Conditional Loan Guarantee for Grain Belt Express Power Line

Developer said it would continue forward on the estimated $7-billion to $11-billion midwest transmission project by securing capital through other sources

Balfour Beatty awards top pair £2m in shares

This story was written with AI assistance from Harmsworth Who is Harmsworth? Balfour Beatty has granted share awards worth more than £1.9m to chief executive Leo Quinn and chief financial officer Philip Harrison under its deferred bonus and long-term incentive schemes. Quinn received a conditional… The post Balfour Beatty awards top pair £2m in shares appeared first on Construction News.

Harworth completes £53.5m sale of Warwickshire site

Contracts on the site in Ansty were exchanged in December 2021 with completion conditional on the granting of hybrid planning permission. The post Harworth completes £53.5m sale of Warwickshire site appeared first on Property Week.

Third time lucky as £1bn printworks plan set for green light

The £1bn redevelopment of what was Europe’s largest printworks is set for approval, nine years after plans were first submitted. Officers at Tower Hamlets council have recommended conditional approval of the residential-led Westferry Printworks scheme, which will occupy a 61,500 square metre site near Canary… The post Third time lucky as £1bn printworks plan set for green light appeared first on Construction News.

Turnstone Estates plots £50m seaside leisure scheme

Developer Turnstone Estates has agreed the conditional purchase of a 5.7-acre site in Southend-on-Sea, where it plans to build a £50m leisure and residential development. The post Turnstone Estates plots £50m seaside leisure scheme appeared first on Property Week.

Metroun - Construction Bonds Explained, 09112022

In this video Metroun explore construction bonds, the different types of bonds available, and the purpose they serve throughout a construction project

Fenwick Elliott - Project Security Bonds & Guarantees (Paper for University of Vienna), Feb 2012

This paper considers some of the basic principles relating to bonds in the construction industry. By its nature, therefore, this paper briefly compares formal security to informal security such as bonds and guarantees before then examining unconditional on-demand bonds and conditional bonds