Uphill struggle

Article Abstract:

Construction contractors are struggling to finalise deals involving the UK government's public finance initiative (PFI) because of persistent delays in the sector. A major obstacle that threatens to delay a 60 million pounds sterling PFI hospital scheme in Durham, north-east England, is the red tape surrounding the roofline of the new building, which is in a World Heritage Site. Heritage bodies and the local council have raised the issue and the Durham PFI hospital is being redesigned so that it will conform to planning regulations. The delay is typical of other PFI schemes around the country.

Hospitals, Design and construction, Durham, England (City)

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PFI in crisis

Article Abstract:

The private finance initiative has been criticised by the building industry, bankers and politicians. The building industry are concerned the new contract guidelines will increase their costs by making the procedures for bidding more lengthy. They are also concerned they will not be adequately compensated for cancelled deals. It is often difficult for the authorities to decide which is the best deal as they are very complicated. Some building developers point out they are able to arrange deals with their partners without having to pay large sums in a bidding competition.

United Kingdom, Cover Story

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Goodall's mystery backer revealed

Article Abstract:

UK construction firm McAlpine is under threat of a takeover bid by entrepreneur Andrew Goodall who purchased 3% of the company with the help of a 8 million pounds sterling from backer Andy Ruhan. Goodall plans to offer 265 million pounds sterling to buy McAlpine although questions concerning the exact value of the firm are being raised by Goodall's offer. Goodall is thought to be most interested in the 15.7 million pounds sterling private housing operation.

Alfred McAlpine PLC, Goodall, Andrew, Ruhne, Andy

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