Tag: Millions
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Warm Homes Plan delayed as millions of homes affected
The Warm Homes Plan, first promised in May 2024 by Energy Secretary Ed Miliband, was designed to tackle rising energy bills and reduce carbon emissions by upgrading the energy efficiency of millions of homes. The plan, which aims to support insulation, low-carbon heating, ventilation, and solar technologies, was expected to provide clarity and funding for…
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Why Smart Upfront Decisions Save Millions Over Building’s Life Cycle
Buildings are expensive. While developers focus on upfront construction costs, the long-term expenses of a building can swell to 1.5 to 2 times the initial price tag over its lifespan. This means that developers and asset managers are incentivized to prioritize upfront investments in energy-efficient systems and lifecycle budgeting to maintain building maintenance, sustainability and…
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Firms that pay suppliers late could be fined millions under new laws
“Late payments have plagued the sector for too long, causing significant cashflow challenges, hindering growth, and in many cases, forcing businesses to shut up shop. Over the past decade, construction firms have accounted for approximately 18% of total insolvencies in England and Wales, whilst accounting for less than 15% of companies. View the original article…
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How Disorganized Project Data Is Costing AEC Firms Millions
Information management isn’t just about staying organized. It’s about staying profitable. If you’re leading a busy architecture, engineering or construction firm (AEC), you’ve seen what happens when files get lost, RFIs slip through the cracks or your team spends hours chasing down the latest drawing. That waste adds up. The right information management system doesn’t…
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Kwant AI Raises Millions to Improve Construction Efficiency and Safety
New York-based AI SaaS startup Kwant AI brings AI technology to the field, adding efficiency and safety to the global construction industry with the System of Record of Workforce. The startup announced a $3.9 million seed round with investment from LAUNCH, Fairstead, Pearl Fund, 7BC Venture Capital, Forefront Ventures, Martinson ventures, and Serra Ventures. Funds…