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Hinkley Point delayed another year as costs rise by £3bn

Hinkley Point delayed another year as costs rise by £3bn

Hinkley Point delayed another year as costs rise by £3bn
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Hinkley Point delayed another year as costs rise by £3bn
Hinkley Point delayed another year as costs rise by £3bn
Hinkley Point delayed another year as costs rise by £3bn
Hinkley Point delayed another year as costs rise by £3bn
Construction news, jobs and co... Construction news, j... | 1 year ago
Covid blamed for construction delays and cost increases
Covid blamed for construction delays and cost increases
Hinkley Point workers walkout over bonus row
Hinkley Point workers walkout over bonus row
Hinkley Point workers walkout over bonus row
Hinkley Point workers walkout over bonus row
Construction Enquirer Construction Enquire... | 2 years ago
Hundreds reported to have walked out on Friday over working arrangements
Hundreds reported to have walked out on Friday over working arrangements
Hinkley Point remobilises to over 8,000 workforce – video
Hinkley Point remobilises to over 8,000 workforce – video
Hinkley Point remobilises to over 8,000 workforce – video
Hinkley Point remobilises to over 8,000 workforce – video
Construction news, jobs and co... Construction news, j... | 1 year ago
Work on the second reactor unit at Hinkley is progressing well with Nigel Cann, delivery director claiming between 20% and 30% efficiencies in the construction process compared to unit 1. The skyline of the site has changed drastically, with the first reactor building now standing at 34 metres tall. One more small ring will be lifted into place before the completed steel dome is finally lifted into place later this year. Plan this year include to advance M&E and HVAC works handing over 300 ro...
Work on the second reactor unit at Hinkley is progressing well with Nigel Cann, delivery director claiming between 20% and 30% efficiencies in the construction process compared to unit 1. The skyline of the site has changed drastically, with the first reactor building now standing at 34 metres tall. One more small ring will be lifted into place before the completed steel dome is finally lifted into place later this year. Plan this year include to advance M&E and HVAC works handing over 300 ro...
Construction Delays in the Apartment Industry Ongoing as Costs Rise - Real Estate Investing Today
Construction Delays in the Apartment Industry Ongoing as Costs Rise - Real Estate Investing Today
Construction Delays in the Apartment Industry Ongoing as Costs Rise - Real Estate Investing Today
Construction Delays in the Apartment Industry Ongoing as Costs Rise - Real Estate Investing Today
realestateinvestingtoday realestateinvestingt... | 1 year ago
The National Multifamily Housing Council says 97% of apartment developers report experiencing construction delays.  Breaking that down, they say that of those experiencing overall delays, 83% reported delays in permitting and 93% reported delays in starts.  In addition, they found that 87.5% of developers avoid working in jurisdictions with rent control and 47.9% said they avoid building in a jurisdiction with inclusionary zoning requirements.  And just over half reported an increase in labor...
The National Multifamily Housing Council says 97% of apartment developers report experiencing construction delays.  Breaking that down, they say that of those experiencing overall delays, 83% reported delays in permitting and 93% reported delays in starts.  In addition, they found that 87.5% of developers avoid working in jurisdictions with rent control and 47.9% said they avoid building in a jurisdiction with inclusionary zoning requirements.  And just over half reported an increase in labor...
Hinkley workers evacuated from site after scaffold fire
Hinkley workers evacuated from site after scaffold fire
Hinkley workers evacuated from site after scaffold fire
Hinkley workers evacuated from site after scaffold fire
Construction news, jobs and co... Construction news, j... | 1 year ago
Site fire crews and the Devon and Somerset Fire and Rescue Service tackled the blaze. Hinkley Point C authorities said: “Fire crews from Hinkley Point C and Devon and Somerset Fire and Rescue Service have attended a scaffolding fire on the construction site near Unit 1. “Workers were evacuated from the area and there are no reports of injuries at this time. “The fire is now out and an investigation will take place to establish the cause.”
Site fire crews and the Devon and Somerset Fire and Rescue Service tackled the blaze. Hinkley Point C authorities said: “Fire crews from Hinkley Point C and Devon and Somerset Fire and Rescue Service have attended a scaffolding fire on the construction site near Unit 1. “Workers were evacuated from the area and there are no reports of injuries at this time. “The fire is now out and an investigation will take place to establish the cause.”
Mortgage refinance demand drops 62% year-over-year as rates rise
Mortgage refinance demand drops 62% year-over-year as rates rise
Mortgage refinance demand drops 62% year-over-year as rates rise
Mortgage refinance demand drops 62% year-over-year as rates rise
Broadcast Media Production and... Broadcast Media Prod... | 2 years ago
CNBC's Diana Olick joins 'Squawk Box' to break down the latest mortgage rate and application data from the Mortgage Bankers Association.
CNBC's Diana Olick joins 'Squawk Box' to break down the latest mortgage rate and application data from the Mortgage Bankers Association.
Construction needs another 250,000 workers by 2026
Construction needs another 250,000 workers by 2026
Construction needs another 250,000 workers by 2026
Construction needs another 250,000 workers by 2026
Construction news, jobs and co... Construction news, j... | 1 year ago
Authors of the report warn that with job vacancies at a record high, and unemployment at its lowest level in 50 years, developing a highly-skilled workforce will be the biggest challenge contractors will face over the next five years. If projected growth is met, construction employment could reach a high of nearly 2.78 million workers by 2026. The largest increases in annual demand are expected to be for occupations such as carpenters and joiners; construction managers, along with a range of...
Authors of the report warn that with job vacancies at a record high, and unemployment at its lowest level in 50 years, developing a highly-skilled workforce will be the biggest challenge contractors will face over the next five years. If projected growth is met, construction employment could reach a high of nearly 2.78 million workers by 2026. The largest increases in annual demand are expected to be for occupations such as carpenters and joiners; construction managers, along with a range of...
Hinkley Point C giant water intakes craned onto seabed
Hinkley Point C giant water intakes craned onto seabed
Hinkley Point C giant water intakes craned onto seabed
Hinkley Point C giant water intakes craned onto seabed
Construction news, jobs and co... Construction news, j... | 1 year ago
Engineers have just completed the first precision placement of a 5,000-tonne water intake head on the seabed of the Bristol Channel. The work to install the cooling water intake heads is regarded as one of the world’s most complex marine engineering projects – as the Bristol Channel has the second highest tidal range on the planet. Each intake head, at 44m long and 8m high, is being lifted into position by two floating cranes named “Gulliver” and “Rambiz”, working in tandem. Their...
Engineers have just completed the first precision placement of a 5,000-tonne water intake head on the seabed of the Bristol Channel. The work to install the cooling water intake heads is regarded as one of the world’s most complex marine engineering projects – as the Bristol Channel has the second highest tidal range on the planet. Each intake head, at 44m long and 8m high, is being lifted into position by two floating cranes named “Gulliver” and “Rambiz”, working in tandem. Their...
Costs of home construction up 20% from last year
Costs of home construction up 20% from last year
Costs of home construction up 20% from last year
Costs of home construction up 20% from last year
In-depth analysis, data and st... In-depth analysis, d... | 1 year ago
Lumber prices have vacillated recently, but other costs for residential construction materials and related transportation rose in the past month, the National Association of Home Builders noted in a new report.That resulted in a net 1.8% monthly gain in the cost of goods used in residential construction and renovation during May, and represented an increase of 19.4% compared to a year earlier, the analysis of Producer Price Index data showed.While the PPI for softwood lumber was up only 0.4% in...
Lumber prices have vacillated recently, but other costs for residential construction materials and related transportation rose in the past month, the National Association of Home Builders noted in a new report.That resulted in a net 1.8% monthly gain in the cost of goods used in residential construction and renovation during May, and represented an increase of 19.4% compared to a year earlier, the analysis of Producer Price Index data showed.While the PPI for softwood lumber was up only 0.4% in...
80,000 variable-rate mortgages will reach their trigger point by year-end: RBC - Mortgage Rates & Mo...
80,000 variable-rate mortgages will reach their trigger point by year-end: RBC - Mortgage Rates & Mo...
80,000 variable-rate mortgages will reach their trigger point by year-end: RBC - Mortgage Rates & Mo...
80,000 variable-rate mortgages will reach their trigger point by year-end: RBC - Mortgage Rates & Mo...
Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago
Canada’s largest bank said about 80,000 of its variable-rate mortgage clients will reach their trigger point with the next “couple of” Bank of Canada rate hikes. That’s the point where borrowers’ monthly payments are only covering interest payments and no longer paying down any principle. “We have gone through that analysis over the last couple of months [and] we have about 80,000 mortgages that…we expect with the next couple of rate hikes, we will reach that point,” said Neil M...
Canada’s largest bank said about 80,000 of its variable-rate mortgage clients will reach their trigger point with the next “couple of” Bank of Canada rate hikes. That’s the point where borrowers’ monthly payments are only covering interest payments and no longer paying down any principle. “We have gone through that analysis over the last couple of months [and] we have about 80,000 mortgages that…we expect with the next couple of rate hikes, we will reach that point,” said Neil M...