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Managing finances effectively is crucial for anyone involved in construction projects, whether as a contractor, consultant, project manager, procurement manager, supplier, or investor. Understanding income levels, budgeting, and investment options can help you make smarter decisions. This post offers clear, practical financial planning strategies tailored to your needs. Understanding Your Income and Expenses The first step in mastering your finances is knowing exactly how muc

Kier Group has recently been awarded approximately £250 million in contracts aimed at expanding prison capacity across the UK. This significant project includes the construction of four new houseblocks, improvements to site-wide infrastructure, and upgrades to ancillary facilities at both HMP Northumberland and HMP Lancaster Farms. As part of the Ministry of Justice’s Small Secure Houseblocks Programme (SSHP) Alliance, these initiatives aim to provide an additional 480 prison

The UK government has recently given the green light for a significant renewable energy project, the Tillbridge Solar Farm, located near Glentworth in Lincolnshire. This major initiative will occupy approximately 3,000 acres of land and is projected to power around 300,000 homes. As part of a broader push towards enhancing renewable energy capacity throughout the UK, this project aligns with ongoing efforts to transition to sustainable energy solutions. The approval of the Ti

Willmott Dixon has officially begun the construction of a transformative £140 million Emergency Care Building at Derriford Hospital in Plymouth. This significant development is part of the UK government's New Hospital Programme, aiming to address the growing need for accessible, high-quality healthcare in the region. With this project, the future of emergency care in Plymouth and the broader Devon and Cornwall peninsula looks promising. Enhancing Emergency Care Facilities The

A major US financial institution has announced plans to invest £350 million in expanding its campus in Bournemouth, signalling confidence...

NHS Shared Business Services (NHS SBS) has issued a prior information notice for its Public Sector Construction Works 2 framework, valued...

Basildon Council has granted planning consent for a £1.3 billion AI-powered data centre on the outskirts of Wickford, Essex. Situated...

McLaughlin & Harvey has started construction of the National Grid Electricity Transmission Control Centre (ETCC) at Hams Hall, Midlands....

As Microsoft continues its push to enhance its presence in the UK, the company has committed a remarkable £2.5 billion investment to...

The construction sector evolves rapidly. Staying updated on the latest construction industry trends is essential for making informed...

Stakeholder management is critical in construction projects. Identifying, analysing, and engaging stakeholders effectively can make or...

Balfour Beatty has marked a significant milestone in its partnership with Rolls-Royce, having been appointed as the sole contractor for...