'1 million pounds a month' if dome is late

Article Abstract:

The contract for the construction of the Millennium Exhibition building in London, England may involve penalties of one million pounds sterling for every month overdue on the completion deadline. WS Atkins, the exhibition project manager, will award the 49 million pounds sterling building contract early in 1997 for work to be completed during 1998. Atkins is considering the penalties carefully as the work involves a tight schedule but harsh penalties may prove to be a disincentive on the project and also be reflected in the price.

Contracts, Exhibitions, W.S. Atkins and Associates

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Survey forecasts millennium workload boom

Article Abstract:

A 60% increase in the number of building projects over 30 million pounds sterling is expected to lead to a dramatic rise in work for UK construction industry workers after the year 2000, according to a survey carried out by Gardiner & Theobald. The report claims over 70 billion pounds sterling worth of projects are expected to be started after 2000, with the majority being in the utilities and leisure industries. The government has committed to building 20 new hospitals which will be privately funded.

United Kingdom, Construction industry, Services, Surveys, Gardiner & Theobald

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Bespoke Taylor

Article Abstract:

David Taylor is chief executive of English Partnerships, the regeneration agency, and recently helped persuade Siemens, the German electronics company, to buil a plant on Tyneside, and Samsung of Korea to build a plant in Cleveland. He is currently bidding for EP's 17% budget increase taking annual funding up to 330 million pounds sterling.

Management, Urban renewal, Taylor, David

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