The Bucks start here

Article Abstract:

United Healthcare, a joint venture of Taylor Woodrow and Healthcare Group, is set to become one of the first consortia to win a contract for a large hospital under the UK government's private finance initiative (PFI). It has already won Treasury backing for the construction of new wards at two hospitals in Buckinghamshire, and must now raise 35 million pounds sterling to fund the project. It will supply a fully maintained hospital which will be rented by South Buckinghamshire NHS Trust.

Hospitals, Contracts, Design and construction, United Healthcare

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Hidden extras

Article Abstract:

Builders who purchase novated contracts from receivers face unforeseen, high costs through employment transfer legislation. Under the Transfer of Undertakings (Protection of Employment) Regulations 1981 the purchaser may be liable for staff made redundant through the transfer. Amey Construction who took on 33 contracts and 220 employees from the collapsed Farr Group in 1990 had to pay hundreds of thousands of pounds sterling to over 100 staff who were made redundant.

Laws, regulations and rules, Employee relocation

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DBFO roads could stumle over funding

Article Abstract:

The inability of contractors to borrow sufficient funds could prove an obstacle to the government's plans to privately finance its roads programme. Contractors fear that they could reach their borrowing limits after only two or three large projects, making it impossible for them to bid for further work. So far, eight design-build-finance-operate road schemes have been put out to tender.

Highway and Street Construction, Highways & Streets New Const, Finance, Road construction

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