construction costs increase

• Investment Opens Up Overseas Markets for Xena

A TEESSIDE manufacturing business is set to take its materials loading system into new overseas markets after landing a pounds 200,000 investment boost. Xena Systems' innovative LoadSwift system is designed to both increase productivity by at least 75% and halve costs for construction firms building multi-storey structures. The system has been used successfully on a range of construction projects over the past few years, and Xena is now looking to capitalise on the recovery in the construction industry by increasing production to meet growing demand.

• The Journal
• July 30, 2010

• Putting Gallery Story Across ; Your Shout

ON behalf of Waygood Gallery & Studios' board of directors I wish to clarify several points made in your article on September 24. The funding shortfall, delays and subsequent increase in costs have been due to the location and the construction of the historic warehouse in the medieval heart of the city in the centre of Grainger Town. The poor quality of the original construction - which, needless to say, does not comply with current building regulations - required both new foundations and a number of related structural repairs and renewals. During the course of these several delays, the cost of materials escalated.

• Evening Chronicle
• September 29, 2009

• Commercial Property Values Affected by Epc Introduction

Values of commercial property could be buoyed by the introduction of Energy Performance Certificates, an agent has predicted. The introduction of EPCs and tougher building regulations will increase the costs of new construction, resulting in a fall in supply of commercial properties. This will help the value of standing investments hold up, according to David Findlay, partner at East Midlands commercial property agent King Sturge.

• Derby Evening Telegraph
• February 06, 2008

• Investors and Banks Are Keen to Ensure the Market Holds Up ; Despite Gloomy Predictions for Commercial Property Values Over the Coming Months, Newcastle-Based Agent Dickon Wood Feels the Market Still Offers Opportunities for Investors.

THE introduction of Energy Performance Certificates (EPCs) and tougher building regulations will increase the costs of new construction but the resulting fall in supply should mean the value of standing investments will hold up well. As long as the "real" economy grows by 2% or more, occupiers will continue to seek new accommodation. We anticipate a continued low level of investment transactions in the first half of 2008, with true market prices still generally below current valuation levels. However, valuations are catching up.

• The Journal
• March 26, 2008

• Sports Stadium Costs Rise by 25-Per Cent

THE redevelopment of Glasgow's Scotstoun Stadium is running at almost 25-per cent over its previous budget. Rising costs across the construction industry are given as a key reason for the increase which has led Glasgow City Council to recruit specialist financial consultants.

• Evening Times
• March 17, 2008

• Waygood Will Be a Cultural Asset ; Voice of the North

ON behalf of Waygood Gallery and Studio's board of directors I wish to clarify several points made in the report "Where does blame lie for Waygood?" (The Journal, September 18). The funding shortfall, delays and subsequent increase in costs have been due to the location and the construction of the historic warehouse in the medieval heart of the city in the centre of Grainger Town. The poor quality of the original construction - which, needless to say, does not comply with current building regulations - required both new foundations and a number of related structural repairs and renewals. During the course of these several delays, the cost of materials escalated.

• The Journal
• September 21, 2009

• Fusion Sees More Firms Deciding to Take Control

With material prices rising and build costs set to increase in 2011, Birmingham based Fusion Building Consultancy claims it is seeing more companies looking at setting up their own construction arms. The move to take on the risk of building their own projects is not just cost driven, however, said Gavin Stephens, Fusion's director, "It's about having control. There is a real concern over a second band of insolvencies hitting the industry which is denting client confidence over some construction companies longevity." A survey by insolvency specialist Begbies Traynor reported an anticipated 10 per cent rise in insolvencies in 2011, with the construction sectors in particular looking to feel the pinch, mainly because of a drop in public sector tenders.

• Birmingham Post
• February 17, 2011

• Manufacturing Leads the Way

Output increased by 0.8% but it still stood 4.8% below its year-ago level and the increase is modest given the 14.0% peak-to-trough decline experienced during the recession. [...] the rebound was concentrated in investment goods - whose production increased by 4.0% in the quarter, led by transport equipment -with intermediate goods up just 0.3% and consumer goods' output down again by 1.0%.

.....& construction still facing challenges. Construction activity reb... full passing-on of rises in food and energy costs. Business travel has been reduced as companies loo...

• UK Weekly Brief
• May 04, 2010

• Row As Cost of New Road Rises by Pounds 2.1m

CONSTRUCTION costs for the Connecting Derby project to complete the city's ring road will be Pounds 2.1 million more than had been anticipated. But the city council insists the increase will not bust the scheme's overall Pounds 36.2 million budget.

• Derby Evening Telegraph
• October 13, 2010

• Londoners Will Have to Pay As Olympic Building Costs Rocket

LONDONERS face a sharp increase in council tax bills because of rising construction costs for the 2012 Olympic Games. Vince Cable, the Lib-Dems' Treasury spokesman, claimed the projected cost of building the Olympic site in east London was based on "unrealistic" assumptions.

• Evening Standard - London
• May 16, 2006