Why Wakefield was right for Amec’s Europort

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Daejan Holdings claims it is being “bullied” to put a woman on the board

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Oaktree to sell £120m shopping centre portfolio

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Meanwhile, ITEM Club says recent house price rise is a false dawn

first_imgSubscribe to Building today and you will benefit from:Unlimited access to all stories including expert analysis and comment from industry leadersOur league tables, cost models and economics dataOur online archive of over 10,000 articlesBuilding magazine digital editionsBuilding magazine print editionsPrinted/digital supplementsSubscribe now for unlimited access.View our subscription options and join our community To continue enjoying Building.co.uk, sign up for free guest accessExisting subscriber? LOGIN Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.Limited access to building.co.ukBreaking industry news as it happensBreaking, daily and weekly e-newsletters Subscribe now for unlimited access Get your free guest access  SIGN UP TODAYlast_img read more

Leader: Contracting – it’s a fine line

first_imgMargins, margins, margins; everyone’s talking about them. When a new contractor boss first settles into the hot seat, they often think they have the ultimate solution to what is the perennial industry problem of not making much money. They’ll set out to choose the sectors they’re working in carefully, cut their costs accordingly, do their diligence better than most and they’ll talk about innovation. Innovation, by the way, is usually another way of either screwing the supply chain or cutting costs. They may even underbid for work to increase their revenue just to satisfy an expensive infrastructure and their flash new corporate offices in the city. Why would any firm do that just to make up the year’s numbers? Because when it comes to contracting, revenue and size matter to clients even if being unprofitable doesn’t. So what magic margin numbers are we talking about here? The likes of ISG’s Paul Cossell and Balfour Beatty’s Leo Quinn have spoken in the past about an ambitious 5%. Others privately point to anything above 1% being good, with 1% being the norm. The truth is analysts do not really believe there is any science behind calculating margins – rather, it is determined by myriad complex and largely uncontrollable considerations such as the market and the economy, along with fluctuations in the cost of materials. There’s an underlying positive culture that we should be very wary of disrupting – it’s what makes the vast majority of projects get there in the end with a sense of styleAs we gear up for the annual contractor results season next month, you can expect to hear all of these determining factors being analysed in depth. But margins really come down to three things. First, the sectors that contractors choose to operate in and how familiar they are with them and their specialist supply chains. Second, internal considerations. Basically, how organised and innovative the contractor really is. So how it manages its costs, for example, its approach to pricing jobs as well as its own diligence processes, not to mention its understanding of and appetite for risk management. Finally, the external factors such as the wider economy and regulations, materials pricing, the capability of its supply chain and workforce and how its competitors are behaving in the market. The debate about margins has come into sharper focus, of course, due to Carillion’s collapse and the resulting parliamentary investigations. Solutions being bandied about once again are project bank accounts, retentions overhauls and legislative solutions forcing contractors to behave and transact in specific ways within set parameters. But is this really the right approach? The housing sector, for example, has high contracting margins, a very tight set of scalable construction processes and a truly innovative approach to business, driving efficiencies through off-site and modern methods of construction. And – yes – it also has a set of lucrative market conditions where demand massively outstrips supply.For the pack, it is too easy to blame poor performance and the culture of late payments and to assume that all large-scale contractors are behaving badlyBut it does all this without a stack of compliance legislation written into its contracts. What if contractors approached their selection of work just as robustly? Can you imagine a future where the days of mega contractors came to an end and we were simply left with sector specialists, experts in their chosen field, operating at scale but with processes so tight and supply chains managed so well via digital scrutiny that risk was almost eliminated? There would always be a place for a private firm such as Sir Robert McAlpine or Laing O’Rourke picking off the large one-off projects, rolling into town with their A team, guaranteeing smooth delivery to a client and a nice ride with a handshake. But for the pack, it is too easy to blame poor performance and the culture of late payments and to assume that all large-scale contractors are behaving badly.Most contracting CEOs, such as ISG’s Paul Cossell, are good people running good companies and trying to do the right thing in the right way. Sure, 5% is an aspiration. And sure it’s a competitive market and tough conversations need to happen in any negotiation. But all the good that is found within the community of companies and people building amazing projects should not be lost to a lawyer’s pen. Subbies will always complain about contractors and contractors will always be seen to be screwing subbies. But fundamentally there is goodwill and pride at the heart of the sector. There are those who wish to use the Carillion debacle as a way to settle old scores and change the structure of the marketplace, bringing in big changes to procurement and payment practices. But on the whole, tough though contracting is, the bulk of the sector is making a damn good fist of it. There’s an underlying positive culture that we should be very wary of disrupting – it’s what makes the vast majority of projects get there in the end with a sense of style.Before we leap into a cultural overhaul, let’s just urge our large-scale contracting leaders to do their homework a little better from the outset – and lead by example.last_img read more

Jamaican entertainer sues MP over unfinished house

first_img Tweet 184 Views   no discussions Sharing is caring! Share A view of the unfinished house in Norbrook, St Andrew. (PHOTO: NAPHTALI JUNIOR)MEMBER of Parliament Paul Buchanan has expressed disappointment at a lawsuit filed by entertainer Mavado over a house that he was contracted to construct on behalf of the dancehall artiste.At same time, Buchanan, who is a developer, told the Jamaica Observer that he will be pushing to hand over the title and the four-storey house in Norbrook, St Andrew, to the entertainer within three months’ time.Buchanan, who gave the Observer a tour of the house yesterday, said that the only things preventing the handing-over of the house is an incomplete retaining wall, instalment of a sewer system, and completion of a driveway.“Going to work this out amicable, because it’s not like the house isn’t built,” said Buchanan who is a member of the ruling People’s National Party. “I will be talking to Mavado to work out the matter.”Mavado, whose given name is David Brooks, through his attorney Tamika Harris, filed suit in the Supreme Court claiming breach of contract regarding the house which was set to be completed by December 2010.The attorney also sought damages for breach of contract and interest.Yesterday, Buchanan alleged that the artiste has some obligations he needs to meet, but said he’s willing to resolve the matter.He explained, too, that the work had taken this long to complete because he didn’t undertake the project, which include several other units, through a loan from the bank.“There is not an issue for him to get his title,” Buchanan reiterated.center_img NewsRegional Jamaican entertainer sues MP over unfinished house by: Jamaica Observer – January 6, 2015 Share Sharelast_img read more

President Meets with Media

first_imgHis Excellency the President of Dominica invited media practitioners and interests to a closed-door meeting on Wednesday morning.President Savarin has been meeting with community-based groups, political parties, religious bodies and others for the past week with an aim- in his words- lower the temperature in the lead-up to general elections next week.Media workers were engaged in discussion with the president surrounding the accurate and unbiased dissemination of information in this election period.President Savarin cautioned that no influence or power especially news media is without responsibility.He wants new professionals and public voices to recognise that the national interest supersedes party interests.President Savarin challenged information channels to do their job without facilitating national destruction. Share Sharing is caring! LocalNewsPolitics President Meets with Media by: – November 27, 2019 Sharecenter_img Tweet 130 Views   no discussions Sharelast_img read more

Kings-Bolts battle for Gov’s Cup plum starts

first_img[av_one_full first min_height=” vertical_alignment=” space=” custom_margin=” margin=’0px’ padding=’0px’ border=” border_color=” radius=’0px’ background_color=” src=” background_position=’top left’ background_repeat=’no-repeat’ animation=”][av_heading heading=’Kings-Bolts battle for Gov’s Cup plum starts ‘ tag=’h3′ style=’blockquote modern-quote’ size=” subheading_active=’subheading_below’ subheading_size=’15’ padding=’10’ color=” custom_font=”]BY ADRIAN STEWART CO[/av_heading][av_textblock size=” font_color=” color=”]MANILA – Let the race to the 2016 Oppo PBA Governor’s Cup crown begin.Barangay Ginebra San Miguel Kings and Meralco Bolts are facing off in Game 1 of the best-of-seven finals today at the Smart-Araneta Coliseum. Game time is 7 p.m.Kings will aim to end an eight-year PBA championship drought, while Bolts will chase for its first-ever PBA crown since entering the league in 2010.Ginebra reached the championship round by dethroning San Miguel Beermen, 3-2, while Bolts scored a huge upset over top seed TNT Katropa, 3-1, to secure the PBA finals slot.Bolts may be entering the PBA finals for the first time, but it does not mean it will be a favored team in the series, Kings head coach Tim Cone said.“They’re not first-timers. You have Norman (Black) out there who is a veteran coach,” said Cone. “It’s the leadership out there that is important. I don’t think the Bolts are newbies.”“Meralco dominated TNT and beat them for three straight games. I think they are the more experienced team, not us,” added Cone, who will be coaching in his 30th PBA finals and looking for his 19th title.Bolts head coach Black is glad for the achievement of his team after their lackluster performance in the Philippine Cup but said they won’t stop until the team gets its first-ever PBA trophy.“We’ve really come a long way since the first conference (Philippine Cup) where we finished 1-10,” he said. “We’re happy to finish the conference on a high note, but it’s not over yet.”“We will definitely go for the championship,” declared Black, who wants to become the first mentor to win championships in four different teams. He previously led Beermen, Sta. Lucia Realtors and Katropa to PBA victories.Leading the way for Kings are Best Import of the Conference frontrunner Justin Brownlee, LA Tenorio, Japeth Aguilar, Solomon Mercado, and rookie Earl Scottie Thompson.Reinforcement Allen Durham, Reynel Hugnatan, Clifford Hodge, Jimmy Alapag, and Rookie of the Year candidate Chris Newsome will banner Bolts.Both teams will miss some key players in the championship series. Kings will play without Gregory Slaughter and Chris Ellis. Jared Dillinger, on the other hand, remains doubtful for Bolts side./PN [/av_textblock][/av_one_full]last_img read more

Iloilo hosts largest road cycling quest in the country

first_img[av_image src=’http://www.panaynews.net/wp-content/uploads/2017/03/sports-Morales.jpeg’ attachment=’98718′ attachment_size=’full’ align=’center’ styling=” hover=” link=” target=” caption=’yes’ font_size=’14’ appearance=’on-hover’ overlay_opacity=’0.4′ overlay_color=’#000000′ overlay_text_color=’#ffffff’ animation=’no-animation’]Top cyclists from all over the country stream past the Iloilo Business Park during the final 50-kilometer criterium race of the LBC Ronda Pilipinas 2017. RONDA PILIPINAS[/av_image][/av_one_half][av_one_half min_height=” vertical_alignment=” space=” custom_margin=” margin=’0px’ padding=’0px’ border=” border_color=” radius=’0px’ background_color=” src=” background_position=’top left’ background_repeat=’no-repeat’ animation=”][av_image src=’http://www.panaynews.net/wp-content/uploads/2017/03/sports-Morales-2.jpg’ attachment=’98720′ attachment_size=’full’ align=’center’ styling=” hover=” link=” target=” caption=’yes’ font_size=’14’ appearance=’on-hover’ overlay_opacity=’0.4′ overlay_color=’#000000′ overlay_text_color=’#ffffff’ animation=’no-animation’]Philippine Navy-Standard Insurance rider Jan Paul Morales (rightmost) relishes his victory ride after being officially crowned king of Ronda Pilipinas 2017 on Saturday at the Iloilo Business Park. RONDA PILIPINAS[/av_image][/av_one_half][av_textblock size=” font_color=’custom’ color=’#0a0a0a’]ILOILO City – Navy-Standard Insurance’s Jan Paul Morales capped off his dominant conquest in the LBC Ronda Pilipinas 2017 by ruling the Stage 14 criterium race on Saturday at the Iloilo Business Park.The Calumpang, Marikina-native Morales became the first cyclist to clinch back-to-back Ronda crowns and also tied veteran Santy Barnachea as the most titled winner with two championships apiece.The 31-year-old Morales finished the 50 kilometer criterium race that started and ended inside Iloilo Business Park at 1:05:08 to formally clinch the overall championship with an aggregate time of 44:55:35.This marked Morales’ sixth stage win after topping the Stage Two criterium in Vigan, Ilocos Sur; the Stage Three in Angeles-Subic; Stage Seven in Pili-Daet; Stage Nine criterium in Sta. Rosa, Laguna; and the Stage 12 Individual Time Trial in Guimaras.“I’m happy as well as relieved that it was over,” Morales said. “It was really a difficult race, tougher than last year. I’m glad I could finally rest because I really gave it all just to win this race.”“Everything I do is for my two-month pregnant wife Leni, six-year-old daughter Janel and two-year-old son Jan Paul, Jr. They couldn’t be here because my wife is two months pregnant,” said Morales.It was a dominating performance for Morales as he not only captured the overall title and pocketed P1,228,500 in cash – including the P1-million top purse – but also the Sprint and King of the Mountain plums.Morales admits that he found the competition tough, especially with the emergence of more strong neophyte cyclists. He adds that he and his team do their best to give back and thank their respective sponsors.“Hindi sayang yung binibigay ng sponsor namin, kase heto na yung trabaho namin maging military athlete,” said Morales.Two years ago, Morales sustained a fracture after a competition. However, he hasn’t let the injury strain his health and winning streak. Apart from Morales’ triumph, Navy-Standard Insurance has also won the team crown as it had a total time of 176:46:09 ahead of Kinetix Lab-Army’s 177:36:36 and Go for Gold’s 177:46:07.Finishing behind Morales in Stage 14 are Kinetix’s Cris Joven, Mark Bordeos and Ronnilan Quita, Bike Extrme’s Jaybop Pagnanawon, Navy’s Rudy Roque, Go for Gold’s Ronel Hualda, Orlie Villanueva and Jonel Carcueva and Mindanao’s Roel Quitoy all at 1:05:26.Finishing after Morales in the overall race are Roque, Joven, Go for Gold’s Bryant Sepnio, Leonel Dimaano, Ronald Lomotos, Navy’s Daniel Ven Carino and Lloyd Lucien Reynante (44:22:59) and Army’s Reynaldo Navarro and Ronnilan Quita (44:27:00).Ronda is presented by LBC in partnership with MVP Sports Foundation, Petron, Mitsubishi, Versa.ph, Partas, Maynilad, Standard Insurance, CCN, Bike Xtreme, NLEX, PhilCycling and 3Q Sports Event Management./PN [/av_textblock] [av_one_full first min_height=” vertical_alignment=” space=” custom_margin=” margin=’0px’ padding=’0px’ border=” border_color=” radius=’0px’ background_color=” src=” background_position=’top left’ background_repeat=’no-repeat’ animation=”][av_heading tag=’h3′ padding=’10’ heading=’Morales rules Ronda Pilipinas 2017 with back-to-back titles’ color=” style=’blockquote modern-quote’ custom_font=” size=” subheading_active=’subheading_below’ subheading_size=’15’ custom_class=”]By ADRIAN STEWART CO and Resel Tianero[/av_heading][av_textblock size=” font_color=’custom’ color=’#0a0a0a’]Sunday, March 5, 2017[/av_textblock][/av_one_full][av_one_half first min_height=” vertical_alignment=” space=” custom_margin=” margin=’0px’ padding=’0px’ border=” border_color=” radius=’0px’ background_color=” src=” background_position=’top left’ background_repeat=’no-repeat’ animation=”]last_img read more

USLS booters net 2 titles in Talisay

first_imgLa Salle’s Bianca Jaranilla was named Most Valuable Player while teammates Cher Vaplor and Francisca Xyl Rones were awarded Best Goalkeeper and Best Defender, respectively. Sagay City FC’s Juana España was hailed Best Striker.Moreover, in Born 2001 boys, a hat trick courtesy of Sean Martin Villanueva helped University of Negros Occidental-Recoletos win 4-3 and successfully defend their title in the tough battle against Villa Angela FC. Villanueva was later named Most Valuable Player.UNO-R’s Julian Estomata was named Best Goalkeeper; Chris Eduard Tolimao, Best Striker; and Majie Riense Bacharo, Best Defender. Calib Treyes of Trinity Christian School was awarded Best Midfielder.Don Bosco Technical Institute-Victorias captured the Born 2008 title with a 3-2 edge over Pontevedra, with Franz Pagador – later named Most Valuable Player – scoring a brace.Pagador’s teammates captured individual awards, too: Andre Salud, Best Goalkeeper; Benjamin Valenciano, Best Striker; and Joshua Padilla, Best Defender./PN UNIVERSITY of St. La Salle Integrated School dominated the Dynamic Football League 2nd Conference with two titles at the Sta. Maria Football Field in Talisay City, Negros Occidental.USLS-IS claimed the crown in the Born 2006 category with a 3-2 victory over Bago City FC. Vince Lacson, who was also awarded the Most Valuable Player plum, converted two crucial goals for La Salle in the Sunday match.Lacson’s teammates Dirk Goyala and Javier Cuadra were named Best Goalkeeper and Best Defender, respectively. Bago City’s Franz Nolec Hervias was hailed Best Striker and Chris Tinguy, Best Midfielder.Meanwhile, the USLS-IS girls’ squad took home the Born 2001 title following a 6-2 victory over Calvary-Pontevedra. Mikaela Villacin fired four goals for La Salle and later awarded Best Midfielder.last_img read more