The proposed merger of Carillion and Balfour Beatty could create a super-contractor primed to win major new nuclear and High Speed 2 (HS2) deals.
Aecom’s acquisition of URS looks set to not only to redefine what a large UK consultancy looks like but also raises the possibility that it will trigger more shape shifting of the industry to the point that it will begin to mimic the likes of accountancy’s Big Four firms.
Labour will establish an independent National Infrastructure Commission if the party is returned to power at the next General Election next year, party leader Ed Miliband has said.
Lord Berkeley has complained that the coalition government is allowing “big project mania” to skew its infrastructure policies.
Ministers must set out clear, costed infrastructure spending targets and act decisively to set the best balance between taxation and user charges, says a key ICE report published today.
Business news analysis
There are few who don’t know of the trend for urbanisation – the gravitational pull of city dwelling – that means by 2030 an estimated 60% of the global population will be living in cities.
Creating a more gender balanced workforce is a business imperative for consultant Hyder, championed by its UK managing director and the firm’s new women’s development programme.
In recent years there has been increased scrutiny on public spending and the way the government carries out its procurement and delivery on major projects. Quite rightly we have seen a greater focus from government to deliver ‘more for less’ to get the best possible value for the taxpayer.
With Mark Carney and the Bank of England Monetary Policy Committee dropping more than a few hints of a sooner rather than later rise in interests rates I wonder how many speciaist construction firms are prepared for its impact?
Infrastructure in 2014
The construction industry has been set some tough carbon reduction targets, but is the issue being over-simplified?
The positive economic impact of infrastructure has long been recognised. While many agree that the Victorian period was a golden age for investment in infrastructure, the UK is now on the cusp of a similar era of growth and reinvention.
Other business News
The UK’s biggest projects are facing a shortage of concrete due to the dwindling availability of a key material.
Ferrovial has increased revenue by 11% in the first half of the year to €4.16bn (£3.19bn).
Balfour Beatty and Carillion are considering a merger, it has been announced.