Building, hire and hire

Article Abstract:

British construction company Allen PLC has performed well throughout the economic recession of the 1990s and is continuing to do better than industry competitors. Company chairman Donald Greenhalgh, managing director Ken Fox and financial director Martin Smith attribute the company's success to its structure and acquisition strategy. The company is divided into building, hire services, house-building, property development and investment sections. It has acquired numerous companies since 1990 including the 9.1 million pounds sterling organisation PS Turner (Constructions).

GENERAL BUILDING CONTRACTORS, Building Construction, Mergers, acquisitions and divestments, Buildings, Company Profile, Allen PLC, PS Turner (Constructions)

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PFI opportunities for Midlands companies

Article Abstract:

There is a changing attitude among UK companies towards the government's Private Finance Initiative (PFI) and firms are more willing to take part in the program, which uses a mixture of public and private funding for public works. Tarmac is one Midlands-based company that has led the development of PFI and is involved in several new projects, including the 80 million pounds sterling construction of a light railway system in Nottingham. It is expected that PFI will create new opportunities for private industry and could create new industrial sectors.

Legislative Bodies, Public Works & Transportation, Birmingham, England

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PFI: how is it for you?

Article Abstract:

The UK's Private Finance Initiative (PFI) was launched in 1992 and is aimed at helping the struggling construction sector by introducing private finance into public services' construction. The range of projects it covers has grown dramatically since its creation and includes private prisons, hospital services and defence contracts. Companies were initially cautious about PFI projects because of tight government requirements, but it is expected that the initiative will continue to be a successful service provider into the foreseeable future.

Contract Construction, Contracts, Construction contracts, Public contracts, Government contracts

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