Tag: Construction costs
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Manchester Town Hall restoration costs rise to £525m
Manchester City Council has confirmed its Town Hall restoration project will cost an additional £95 million, increasing the total budget to £524.8 million. The project was expected to be completed by August 2026. However, this has now been pushed back to spring 2027 as part of a revised timetable. In 2019, Lendlease won the contract to refurbish…
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‘Rising costs remain a major concern’: industry reacts to the budget
Chancellor of the Exchequer Rachel Reeves. Image: Gov.uk The chancellor yesterday (26 November) set out her spending plans in the autumn budget. For the construction industry, it was a mixed bag of partial wins and major gaps – although Rachel Reeves emphasised the importance of infrastructure projects for the country’s economy, the scale of the…
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Eradicating the common mistake that can lead to higher construction costs
Experts at RNDV, a group of companies with a long-term experience in electrical installation, shipbuilding and complex construction management, say cutting costs for critical competences, such as project management, can lead to costly downtimes and unforeseen situations. It can inflate the budget, causing delays and, therefore, erosion of profits. Kaziulis continues: “Sometimes, to save money…