Masonry products giant Forterra has hiked prices for some key products by more than 10% with further increases planned. In a trading statement to the City this morning Forterra confirmed “significant double digit price selling increases delivered across key products in late 2021/January 2022 with management continuing to review the cost landscape before determining when further price increases will be applied.” Chief executive Stephen Harrison added: “The strong customer dema

Subcontractors have stopped working for Manchester based contractor Beaumont Morgan Developments (BMD). Suppliers have been contacting Construction Enquirer for the last few weeks about the £47m turnover contractor. It is understood a notice to appoint administrators has been filed with the courts and creditors will be contacted by corporate rescue specialist Begbies Traynor imminently. BMD is the construction delivery partner of Fortis Developments. BMD has been building the

House builder Crest Nicholson has upped its provision to £43m to cover post-Grenfell cladding and fire safety retrofits on its former building projects. It is the first house builder to raise its estimates since the Government last week called on developers to stump up extra cash to fix the cladding crisis on intermediate height buildings of around four to seven storeys. Crest this morning said it had now managed to assess the potential building safety work needed to all its

November construction output increased by 3.5%, reaching the largest monthly rise since March 2021, and the highest construction output since September 2019, as demand for work increases and supply chain pressures ease Evidence from the Monthly Business Survey for Construction and Allied Trades and the Business Insights and Conditions Survey (BICS) suggested that supply chain issues experienced over recent months had eased somewhat as businesses were able to obtain materials

Accountancy giant KPMG auditors misled regulators during inspections of their work on audits including those of contractor Carillion, the accounting firm’s UK boss said. The admission of misconduct was made on the first day of an industrial tribunal brought by the Financial Reporting Council where the accountancy firm and six of its former auditors are accused of forging documents and misleading its inspectors. KPMG’s UK chief executive Jon Holt explained that the firm had di

HS2 has revealed the first images of innovative ‘green tunnels’ that will be built across Buckinghamshire and Northamptonshire, which will blend the new HS2 rail line into the natural landscape The one-and-a-half-mile-long Greatworth green tunnel will be built in a factory in Derbyshire before being shipped to site, and assembled over the railway line as it passes the village. The tunnel will then be covered with earth and landscaped to fit into the surrounding countryside. A

National Highways has named Colas as its partner contractor to maintain roads across the West Midlands area 9 highways region. The contract worth £328m over eight years will start this July. Colas will carry out routine maintenance and repairs and respond to emergency incidents and severe weather services on some of the region’s busiest routes, including the M6, M42 and M54. Presently Kier is the incumbent contractor under a three-year deal awarded in 2018 to support the tran