firms

In the middle of 2022, the U.S. economy was overheated, and inflation was reaching new heights. Monetary policymakers responded by aggressively raising interest rates, increasing the risk of a policy-induced recession. To avoid one, the labor market, where much of the pressure was concentrated, had to ease without driving up the unemployment rate — the

Specialist contractors are being sought to help shape a multimillion-pound refurbishment and retrofit framework for the public sector. Not-for-profit framework provider LHC is looking for specialists to take part in market engagement and to provide feedback on initial proposals for its Refurbishment and Associated Retrofit Works (RR3) framework. RR3, which replaces LHC’s Whole House Refurbishment

German Firms Set to Inject Fresh Investments into Nigeria’s Economy German companies have perfected plans to boost activities in Nigeria and other African countries next year. According to a Reuters survey, the German companies hope to capitalise on opportunities in areas such as green hydrogen and liquefied natural gas...

CGI of the Tomatin and Moy dualling The £3bn dualling of the A9 between Perth and Inverness will be delayed after only one bid was received for a key section of the project. The scheme – one of the biggest infrastructure projects in Scotland – was originally scheduled for completion in 2025. However, the Scottish

Some 25 contractors and consultants have won places on a £290m framework to provide refurbishments and new buildings, including some using modular techniques, for up to 300 youth centres. Fusion 21 has named 25 firms including E.W. Beard, Wernick Buildings and Pick Everard. The framework is backed by the Department for Digital, Culture, Media and

Companies could have to report on the proportion of money they withhold in retentions under new proposals designed to drive down payment waiting times.  Under the plans, any medium-to-large company would need to submit information on their firm’s retention-payment terms if they are subject to existing rules around compulsory reporting of payment times.  Retentions are payments

A contractor and client have been fined and a company director given a suspended prison sentence after a worker was crushed to death in Birmingham. Tawanda Chamwandayita, 37, died on 26 October 2017 when 17 glass panes fell on him while he was unloading a shipping container from a lorry on a job. A statement

Twenty-three construction administrations were recorded in December – more than one for every working day of the month. Data compiled by Creditsafe showed that 19 firms entered the process in the weeks before Christmas, with another four following before the end of the year. The total is down from November, when 34 companies in the