£60bn hospital rebuild faces fresh delay danger

MPs warn thin contingency and unproven designs could derail next key wave of schemes

Insufficient contingency funds risk New Hospital Programme delays, MPs warn

The government’s £60bn New Hospital Programme could face more delays, a committee of MPs has warned. In a new report, the Public Accounts Committee (PAC) said there is too little contingency funding set aside for the building projects planned from now until the 2029/30 financial… The post Insufficient contingency funds risk New Hospital Programme delays, MPs warn appeared first on Construction News.

The Secret Architect: Up the Gulf without a paddle

The Architects’ Journal The Secret Architect: Up the Gulf without a paddle It seems that World War III is breaking out, so we’re discussing contingency plans for if the Saudi project pipeline dries up and we lose all our giga-projects, writes the Secret Architect  The post The Secret Architect: Up the Gulf without a paddle appeared first on The Architects’ Journal Will Hurst

Wates takes over £73m prison works package after ISG collapse

Wates Construction has taken over a £73.1m contract from ISG to deliver critical prison upgrades for the Ministry of Justice (MoJ), following ISG’s collapse into administration in September 2024. The contract forms Package 7 of the MoJ’s Contingency Response Programme, created to recover justice projects… The post Wates takes over £73m prison works package after ISG collapse appeared first on Construction News.

Soo Lock Expansion Cost Revised Down to $2.62B

USACE certifies New Soo Lock’s cost at $2.6B, covering all contracts and contingency, with the project still targeting 2030 completion.

Metroun Quantity Surveying - Cost Value Reconciliation (CVR) Explained, 02062021

Cost Value Reconciliation (CVR) is a tool used during a construction project. Typically carried out once a month, this task fulfils the purpose of determining the profitability of a project throughout its lifecycle. This video explores CVRs in more detail.

Everyone has been talking about how to manage cost inflation but looking ahead, might insolvencies become the latest top risk to your business?

What does design contingency mean