Cost-cutting headache hits 150m pounds sterling PFI giant
Article Abstract:
Amec is playing down problems it is reported to be experiencing with its contract to build a 154 million pounds sterling headquarters for the Dept of Social Security in Newcastle upon Tyne, England. The company emphasizes that the scheme, involving the construction of 83,610 sq mt of new space on two sites, will meet deadlines during the period to 2002. However, difficulties over design at the main Longbenton site and problems with piling at the site in Washington, Tyne and Wear, have caused delays. Further problems have arisen because of the demands of private finance initiative procurement.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1998
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Who dares wins
Article Abstract:
The UK Ministry of Defence (MOD) is expected to secure construction procurement contracts valued at 3.6 billion pounds sterling in 1999. Much of the money will be spent on redeveloping garrisons, such as Salisbury Plan and Aldershot. The money has been raised under the government's private finance initiative. Strict timetables, exacting standards and rigorous contract structures mean contractors should be wary of entering into a MOD contract without being able to deliver the finished building. Security and the dangerous nature of some the locations also make some contracts very risky.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1999
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Two vie for Hong Kong airport
Article Abstract:
A consortium comprising Amec and Balfour Beatty is expected to be awarded the contract to build the planned 830 million-920 million pounds sterling Hong Kong airport terminal. A consortium of Bovis and Costain has also been shortlisted, but Amec Balfour is expected to win as its 830 million pounds sterling tender was the lowest. The consortium is also believed to have offered the best engineering skills and submitted an impressive design solution. Amec Balfour aims to house 14,000 of the 23,000 workers on site. The terminal is the largest building construction project worldwide.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1995
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