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Construction

Balfour Beatty profits stressed

The average value of Balfour Beatty’s UK construction new contract awards in 2012 was just £10m. By contracts, Laing O’Rourke’s average value was £150m and for Sir Robert McAlpine it was £114m. However, Balfour Beatty won greater than 100 contracts in 2012, when compared with only a couple of dozen for Laing O’Rourke and McAlpine. …

Construction

Banks still failing construction

That is in response to the Federation of Master Builders (FMB), which has found that one in four of its members has missed out on contracts because they can’t secure funding. The latest figures for the ‘funding for lending’ scheme show that lending fell significantly within the last three months of 2012. More than 40% …