Safety isn’t a cost. It’s 1 of construction’s biggest profit drivers.

Too often, safety is regarded as a slowdown. But proper documentation and due diligence can save money and lives, writes the CEO of a construction software provider.

Judge allows administrators to recoup fees from project bank account

Administrators for a collapsed modular firm can use money held in a project bank account (PBA) to pay their own fees, according to a court ruling. Northern Ireland’s High Court last month approved a bid by administrators for collapsed modular specialist ESS Modular to access… The post Judge allows administrators to recoup fees from project bank account appeared first on Construction News.

MPs warned that delays in restoring parliament will cost up to £420m a year

The National Audit Office said a timely decision from parliament on one of two restoration proposals was vital to ensure the programme provides value for money. The post MPs warned that delays in restoring parliament will cost up to £420m a year appeared first on Property Week.

Severfield secures up to £97.6m in refinancing deal

Severfield has refinanced its banking facilities with a new agreement worth up to £97.6m. The structural steel contractor said it signed a new three-year banking facility agreement with its existing lending syndicate, which includes HSBC and Virgin Money. The package comprises a renewed £60m revolving… The post Severfield secures up to £97.6m in refinancing deal appeared first on Construction News.

Fosters’ Sainsbury Centre set for revamp after £90m donation

Money from Sainsbury family will enable upgrades to building’s envelope and environmental systems

Are you losing time and money due to misaligned BIM models that cause clashes between structural and MEP systems during construction?

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