£202M government guarantee secures development of two data centres in Scotland

A £202M financial guarantee has been agreed between the National Wealth Fund (NWF) and DataVita to expand the company’s DV1 and to build its DV3 data centres in North Lanarkshire, Scotland. The post £202M government guarantee secures development of two data centres in Scotland appeared first on New Civil Engineer.

Equans buys highways technology specialist Mway Communications

Equans UK & Ireland has acquired highways technology specialist Mway Communications as it seeks to expand its capabilities on the Strategic Road Network. Mway employs about 100 people and generates annual revenue of £26m, according to Equans. The value and financial terms of the acquisition… The post Equans buys highways technology specialist Mway Communications appeared first on Construction News.

Revealed: the financial fault lines in building control

Is the BSR doing enough to check the financial situation of private building control firms before they collapse? The post Revealed: the financial fault lines in building control appeared first on Construction News.

Somerset school builds paused over funding concerns

Three Somerset school projects have been put on hold due to financial concerns. A report to Somerset Council's executive ahead of a meeting on 5 August revealed that delivery of Chard Primary School, Wilstock Primary School and Wellsprings School had been paused. A fourth school,… The post Somerset school builds paused over funding concerns appeared first on Construction News.

Managing 210 subcontractors with pen and paper and a spreadsheet

Five people managing 210 subcontractors with pen and paper and a spreadsheet: this is the picture painted of the average contractor's approach to financial control and subcontractor payments in a new report from Payapps. The post Managing 210 subcontractors with pen and paper and a spreadsheet appeared first on Construction Management.

Collaboration and interdependency: exploring the relationship between designers and contractors

Cost overruns, late deliveries and legal disputes are common complaints of the construction industry that affect efficiency, productivity and financial returns and impact on wider economic growth and prosperity. Collaboration is regularly proposed as a mechanism to achieve improved working relationships, information exchange, quality, timing and to reduce conflicts, risks, and costs.

8 Pros and Cons of Non-Fungible Tokens and How They Compare to Traditional Investments

Blockchain-based databases like non-fungible tokens (NFTs) are revolutionizing how we do business, manage financial transactions and invest.

CNBC - What a future without oil looks like for the Gulf countries

Once a region seeing vast flows of wealth due to natural petroleum resources, the market slowdown and plunging oil prices have placed the Gulf Cooperation Council (GCC) in a position of economic uncertainty. In 2020 a report by the International Monetary Fund projected that the GCC's financial wealth of$2 trillion could be depleted by 2034 CNBC’s Nessa Anwar and Hadley Gamble discuss the GCC’s challenges, from economic diversification (e.g. tourism, hydrogen) to their internal disagreements

Knight Frank - Dubai, The Hub Report 2018

Dubai’s transformation and development as a city over the last decade has been one of the largest on a regional and global basis.

Overcoming risks through shared vision, commitment and collaboration - A case study published by Graham of Vancouver

Development expertise, financial acumen, local experience and technical knowledge all are important criteria in a real estate developer’s evaluation of potential development partners. But to Kyle Weeks, the true essence – the key element that determines success and helps overcome challenges – is finding a partnership group whose people think the same way, who truly share the vision and who sincerely align their interests for the long-term.

What are the top three ways BIM services directly reduce project costs, and which method usually provides the quickest financial return?