Copy of The Pegasus Report #263

A word from Paul

ISG's demise is terrible news for many reasons. Not only for it's employees, but for the employees of those businesses in their supply chain, who in some cases will be financially ruined. Worse, it was known this was coming, quite possibly for months. The Tier 1 main contracting business model is arguably broken, and whilst fingers will no doubt be pointed at ISG's management team, the wider industry must take responsibility; other Tier 1s, clients, consultants, auditors, dare I say it, even the supply chain. Until we change how large projects are delivered, ISG will sadly not be the last big name to go, taking down many smaller businesses with them. This is unforgivable and so very sad.

Read more below.

ISG files notice of administration

Six subsidiaries of main contractor ISG have filed notices to enter administration. Read more

“Strung along” subcontractors fury over fall of ISG

Subcontractors and suppliers facing huge debts over the failure of ISG have slammed the firm for “stringing them along” for months. Read more

ISG’s collapse: a huge blow to construction that raises urgent and difficult questions

This is the biggest collapse to hit the sector since Carillion – as we absorb the grim news, people will want some answers and fast. Read more

Barratt & Lloyds Combine to Kick-Start UK New Homes Drive

Barratt Developments & Lloyds Group to help deliver large-scale developments as part of UK government's ambitions for 1.5 million new homes in five years. Read more

Plans unveiled for cheaper high-speed alternative to scrapped HS2 northern leg

A plan for a new high-speed rail line linking Birmingham and Manchester has been unveiled, claiming to deliver most of the benefits of the scrapped northern leg of HS2 at significantly cheaper cost and with only slightly longer journey times. Read more

Top 150 Consultants 2024: Are we about to see boom time for construction?

With the impacts of Ukraine-linked inflation receding, the pandemic long behind us and a new government pledging reforms to boost infrastructure and housing, are the good times just around the corner? Read more

Latest construction hotspots appear outside London

Analysis conducted by Barbour ABI and the Construction Products Association (CPA) has revealed that construction spending is seeing a geographic shift with new hotspots appearing outside of London and the South East. Read more

Top consultant tells clients stop using fixed-price contracts

Consultant Turner & Townsend is urging clients to steer clear of using fixed-price contracts that pass too much risk to contractors as the industry grows more confident about prospects. Read more

Solved: the mystery of how Victorians built Crystal Palace in just 190 days

It was built at unprecedented speed to exhibit the globe’s greatest treasures and manufacturing achievements to the world. Now, the mystery of how the Victorians managed to erect the Crystal Palace so quickly in 1851 has finally been solved. Read more

M&E sector facing ongoing rising costs as construction output falls

A new survey of over 150 subcontractors released by Southern Construction Framework (SCF) has revealed that build costs for the Mechanical and Electrical Services (M&E) sector is continuing to increase, with the sector experiencing a 7% rise in costs compared to the previous year. Read more

UK architecture still experiencing planning delays

UK architecture is still being bogged down by delays in spite of a positive outlook, says latest RIBA Future Trends report Read more

Luton Town FC files planning application for 25,000-seat stadium

Luton Town Football Club has submitted plans for a new 25,000-capacity stadium at its Power Court site in Luton town centre. The club said the application provides full details on the stadium and an updated outline submission for a hotel and music venue. Read more

UK’s first ever bison bridges under construction in Kent woodland

Four bridges will allow herds to pass beneath public footpaths while visitors may catch glimpse of bison from above Read more

Seeing is believing: Building trust with 3D visualisations and digital twins

3D real-time visualisation through digital twins can create “living, breathing” building models that enhance collaboration, sustainability and innovation, writes Dr Jimmy Abualdenien, head of digital twin product at the Nemetschek Group Read more

The path to adopting AI in construction

You’re the CEO of a construction company that has decided to embrace the power of artificial intelligence (AI). You’ve learned from an almost unlimited number of sources, including media outlets, that AI can play an integral role in improving productivity, fostering innovation and leading to a stronger bottom line. Read more

Yes, ambition can make you more sucessful. It can also make you happier.

While workplace well-being and work-life balance are incredibly important, ambition can also help workers achieve a greater sense of satisfaction. Read more

The great divide: are office workers more productive than those at home?

Amazon has told staff they must return five days a week – but experts don’t all agree that flexible working cuts output. Read more

Winter's coming. 5 lessons from a 'modern Viking' on how to stay productive in the dark days

The Norwegian “business philosopher” offers five takeaways to unleash the Viking within and be productive, even in the darkest of winters. Read more

Research shows construction apprenticeships are key to social value

New research published by SCAPE has indicated that apprenticeships are a key driver of social value generation in UK construction Read more

England’s first sector skills action plan launched

England’s first ever sector skills action plan has been launched by DBR and Historic Environment Skills Forum. Read more

AC and Inter Milan reject Webuild’s refurb proposal for San Siro

Rival football clubs Inter Milan and AC Milan have rejected a plan to renovate their San Siro stadium put forward by contractor Webuild Read more

Rafael Vi?oly Architects creates "unconventional" skyscraper in New York City

US architecture studio Rafael Vi?oly Architects has created a residential skyscraper in Downtown Manhattan using an "unconventional approach". The Greenwich rises 912 feet (278 meters) over 88 storeys and is located in Downtown Manhattan, two blocks south of the World Trade Center complex. Read more

New construction framework can help government manage waste

Reconomy have launched a new construction framework intended to help the new government to reform construction waste management Read more

BSI publishes lower-carbon concrete guidance

The British Standards Institution (BSI) has issued new guidance to help construction use sustainable alternatives to Portland cement-based concrete. Read more

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