House construction – Two Stringers http://twostringers.com/ Fri, 30 Sep 2022 10:18:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://twostringers.com/wp-content/uploads/2021/06/cropped-icon-32x32.png House construction – Two Stringers http://twostringers.com/ 32 32 UK builders gain as rising house prices bring relief https://twostringers.com/uk-builders-gain-as-rising-house-prices-bring-relief/ Fri, 30 Sep 2022 10:18:00 +0000 https://twostringers.com/uk-builders-gain-as-rising-house-prices-bring-relief/

UK builders gain as rising house prices bring relief

0914 GMT – Britain’s homebuilders are gaining ground as battered investors welcomed data showing house prices continued to rise in September. Still, annual price increases slowed to 9.5% in the month from 10% in August, according to the National House Price Index. The figures show that factors such as rising energy prices and last week’s controversial UK budget statement are affecting property market confidence and momentum, Garrington Property Finders said. “One week after the mini-budget, the market is in shock as hundreds of mortgage products are pulled and interest rates rise,” writes Garrington chief executive Jonathan Hopper. “The Chancellor’s stamp duty reduction is welcome, but the rising cost of borrowing will negate its impact.” Barratt Developments is the top riser in the FTSE 100, up 5%, with rivals also up. (philip.waller@wsj.com)

 
Companies News: 

Cineworld 1H’s pre-tax loss narrowed after Covid-19 restrictions eased

Cineworld Group PLC said on Friday its first-half pre-tax loss narrowed as revenue rose after the easing of remaining Covid-19 restrictions in the first quarter.

The Morses club remained significantly in deficit in 1H due to repair requests

Morses Club PLC said on Friday it continued to experience significant losses in the first half of financial year 2023 due to repair claims in its HCC division, and raised significant uncertainty concerns.

JD Sports partners with Nike to offer customer rewards

JD Sports Fashion PLC said Friday it has partnered with Nike Inc. to offer rewards to customers.

Pennon says 1H performance meets expectations

Pennon Group PLC said on Friday that its performance for the first half ended September 30 was in line with management’s expectations in a volatile macroeconomic environment.

Dignity changed to 1H loss after pricing, product line changes

Dignity PLC said on Friday it turned to a pre-tax loss for the first half of 2022 after market normalization post-Covid-19, impairment and a significant change in pricing and product mix.

Science in Sport hangs up the ‘For Sale’ sign; To raise £5m via cut price placement

Science in Sport PLC said on Friday it had begun a review of the business which could lead to the sale of the business or certain assets, and plans to raise 5 million pounds ($5.6 million) to support the company in the event of a new slowdown. on the economy.

Numis expects 33% decline in FY2022 revenue due to weaker capital markets activity

Numis Corp. said Friday it expects a 33% drop in revenue in fiscal 2022 due to weaker capital markets activity and a strong year-over-year comparison.

LoopUp Group first-half revenue, lower pre-tax profit

LoopUp Group PLC said Friday that pretax revenue and profit fell in the first half.

Real Good Food Says Start of Fiscal Year 2023 Was Tough; Slipped volumes

Real Good Food PLC said on Friday that market conditions at the start of fiscal 2023 have been challenging, with volumes down both on the year and from pre-pandemic levels, and it plans to take further action. cost reduction.

Live business group’s first-half pre-tax loss narrowed as revenue soared

Live Company Group PLC said on Friday its first-half pretax loss narrowed as its revenue rose.

Ince Group sees lower comparable performance in first half, but fiscal year trading expected to rise

Ince Group PLC said on Friday that its performance for the first half of the 2023 financial year was not expected to show improvement on a like-for-like basis from the same period a year earlier, but that trading activity for the year as a whole is set to increase.

DP Eurasia H1 Pre-Tax Profit, Revenue Up; Current performance consistent with views

DP Eurasia NV said on Friday that profit and pre-tax revenue increased in the first half of 2022, reflecting robust growth in systems sales, and that its performance was in line with the board’s expectations.

Science in Sport First-half pre-tax loss widened on Russia exit, costs and supply chain issues

Science in Sport PLC said on Friday its first-half pretax loss widened due to external headwinds and despite an increase in revenue.

Ukrproduct suffered a 1H loss as the war in Ukraine weighs

Ukrproduct Group Ltd. announced on Friday that it recorded a loss in the first half of the year, as the war in Ukraine disrupted activity and reduced income.

Mode Global Holdings first-half revenue impacted by market volatility

Mode Global Holdings PLC said on Friday its first-half revenue was hit by market volatility, but reported a slightly reduced pre-tax loss.

Trackwise 1H Extended pre-tax loss due to exceptional costs; Seek additional funding

Trackwise Designs PLC said on Friday its pre-tax loss widened in the first half after booking one-off costs, and it will need additional funding.

Fox Marble Holdings’ first-half pretax loss widened on takeover costs

Fox Marble Holdings PLC said on Friday its pre-tax loss widened in the first half due to costs incurred in connection with the reverse takeover of Eco Buildings Group Ltd.

 

Contact: London NewsPlus; paul.larkins@wsj.com

(END) Dow Jones Newswire

September 30, 2022 06:18 ET (10:18 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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Grimes supports the construction of new housing in Austin https://twostringers.com/grimes-supports-the-construction-of-new-housing-in-austin/ Wed, 28 Sep 2022 16:30:02 +0000 https://twostringers.com/grimes-supports-the-construction-of-new-housing-in-austin/

Photo: Robyn Beck/AFP via Getty Images

The City of Austin, which has seen one-bedroom apartment rents soar by 108 percent over the past year, has become so expensive that even a space pop star claims she can’t buy the house she wants without the help of the billionaire she was dating. “I couldn’t afford to buy a house that suits my kids in Austin atm without the help of their dad who is INSANE,” Grimes tweeted on Monday, battling in the comments with random people after calling his “fellow Texans” to support a Change.org housing petition.

So now Grimes is a YIMBY. She continued to tweet a plot opinions on how to solve the housing crisis:

“Excessive regulation in Cali is anti-innovation. Tx is a pro innovation (they let you blow up rockets for example haha),” notes Grimes. (Haha!) She also clarifies that she does not support rent control, but simply “the deregulation of construction”. She adds, “More on that later.” We will wait !

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1887 building is reimagined as a new home for Lucid Motors https://twostringers.com/1887-building-is-reimagined-as-a-new-home-for-lucid-motors/ Mon, 26 Sep 2022 17:41:00 +0000 https://twostringers.com/1887-building-is-reimagined-as-a-new-home-for-lucid-motors/

Old is new again as sophisticated retailers seek historic real estate

PASADENA, Calif., September 26, 2022 /PRNewswire/ — After 135 years, Old Town Pasadena is getting an inside look at the historic bones of the Brunswick Court Building on Colorado Boulevard. This three-story gem is being carefully revitalized by builder Abbott Construction into an upscale mixed-use office and retail space. California Luxury electric car company Lucid Motors has already designated the ground floor as its new show floor.

“We are delighted that high-end tenants like Lucid Motors want to be part of Brunswick Court,” says the owner Kurt Bierschenk of the Doheny Family Trust. “With neighbors like Tiffany & Co. and Apple, it will be a fantastic destination for shopping, working and dining.”

The renovation includes seismic upgrades, structural reconstruction, a complete restoration of the historic exterior, as well as a new rooftop entertainment area. “These rays haven’t seen the sun since 1887,” says Abbott chief superintendent mark fresh water. “With so few historic buildings in Southern Californiait’s always fun to bring a structure like this back to life.”

The project reflects a growing West Coast trend of revitalizing older buildings into coveted new tenants and offices. Abbott Construction has seen an increase in demand in both Seattle and Los Angeles for historic renovations.

Brunswick Court is expected to be completed in November 2022. The rental of the upper floors is still in progress.

About Abbott Construction

Founded in 1983, Abbott Construction is a West Coast construction group known for its superior management and field team, top notch standards and craftsmanship. Abbott’s expertise is deep in pre-construction, project planning and professional construction execution in a variety of market sectors, including healthcare, retail, offices, nonprofits, mixed-use, education, and seismic improvements. Abbott is a member of STO Building Group and is headquartered in Seattlewith offices at Tacoma and Los Angeles. Learn more about abbottconstruction.com.

SOURCEAbbott Construction

]]> Builders and Developers Beware: South Carolina Supreme Court Ruthlessly Beats Hybrid Arbitration Clauses | Strawberry and Forman https://twostringers.com/builders-and-developers-beware-south-carolina-supreme-court-ruthlessly-beats-hybrid-arbitration-clauses-strawberry-and-forman/ Fri, 23 Sep 2022 20:47:37 +0000 https://twostringers.com/builders-and-developers-beware-south-carolina-supreme-court-ruthlessly-beats-hybrid-arbitration-clauses-strawberry-and-forman/

If you are a home builder, residential housing developer, construction industry insurer, or one of the many industry players providing affordable and decent housing to the citizens of South Carolina, you already know that South Carolina courts have prioritized promotion for decades. rights of consumers (i.e. home buyers), usually at the expense of housing providers. There’s nothing inherently wrong with that; the goal is laudable. But as with so much, enforcement has been extremely costly for the homebuilding industry, as a savvy plaintiffs’ bar has taken advantage of the gray areas that inevitably arise in our legal system.

For example, years ago, a South Carolina Supreme Court Justice proudly stated that “South Carolina, through her courts and her legislature, has already been at the forefront of consumer protection, in particular in the field of house building”. Reynolds v Ryland Group, Inc., 531 SE2d 917, 921 (SC 2000). It’s also no secret to builders and insurers that South Carolina’s joint and several liability rules mean that if a builder is only 1% negligent in causing construction defects, the builder can always end up with 100% of the damages, with the courts. leaving it to the builder to try to recover the other negligent parties.

It’s no surprise, then, that in South Carolina, and nationally for that matter, homebuilders have attempted to bring some economic fairness to the table by inserting arbitration clauses into their contracts. construction and sale. Arbitration is a private method of resolving disputes where the parties to a contract agree that instead of going to court in a public trial, any dispute will be handled by a neutral third party, usually an attorney, more informally and less costly than the court. system. Usually, home builders try to ensure that competent arbitrators in the construction world will decide these disputes, so that the experts really decide the disputes.

Unsurprisingly, plaintiffs’ attorneys generally dislike arbitration because they tend to believe that their landlord clients would be treated more fairly by a jury or judge who are not construction experts and may be more sympathetic to a consumer in a closed case. For this reason, there are constant attacks on arbitration clauses in the courts as landlords try to find creative ways around binding arbitration.

On September 14, 2022, the South Carolina Supreme Court passed one of these creative workarounds in Damico c. Lennar Carolinas, LLC, et alOp. N° 28114. In Damico, the homebuilder had masterfully integrated special warranty clauses, arbitration clauses and other contract documents to provide a clear and reliable overview and process for both the buyer and the homebuilder to follow to settlement of disputes by arbitration. Or so the home builder thought.

To the builder’s surprise, the Court ruled that the arbitration clauses were “inadmissible”, and therefore unenforceable. The only way the Court could reach this conclusion was that the arbitration clause in this case did not say that questions of the enforceability of the arbitration clause were for the arbitrator, not the courts. (If a clause says this, the court must stop and defer to the arbitrator on that issue.) Unfortunately for the homebuilder in this case, the crafted arbitration clause missed this checkpoint, which opened the door for the Court to attack the clause itself.

And the attack did. With the skill of a fighter, the Court leapt and squeezed through various legal hurdles that might ordinarily have ended its decision-making process and headed for the unfairness decision. The Court seized on the joining provision of the arbitration clause which provided that the builder at its sole discretion may join any subcontractors or other potentially liable parties in arbitration. The Court held that this seemingly minor procedural issue rendered the clause unenforceable and unenforceable because normally the plaintiff (buyer of the house) decides whom to sue and this provision took away that right. The Court considered that this could also lead to inconsistent results in other instances and force the owner to bring the same issues before the courts.

Of course, in the real world there is almost always a chance that there are many forums. The owner can still prosecute offending contractors in court under other theories; It happens all the time. The Court’s reasoning, if taken to extremes, could undermine almost any arbitration clause since the home buyer has no contracts with subcontractors and therefore no arbitration clauses.

So how does a home builder avoid the trap created by the Court by Damico? Perhaps a workaround could be if the homebuilder includes in every subcontract an arbitration provision that allows a homebuyer to seek arbitration against a subcontractor as well as participation in arbitration with the home builder. Another way may be the well-known legal maxim of KISS (Keep It Simple Stupid.) Arbitration clause writers may want to keep the clause very vanilla – for example, beyond the basic language needed to ensure that the arbitration is applicable to a dispute, let the rules of a national arbitration association govern and not insert any procedural hurdles that a court could somehow interpret as unfair to the consumer. And of course, make sure the arbitrator, not a court, will determine whether a clause is unreasonable or not.

There are other lessons to be learned from Damicoand homebuilders will certainly face a new round of attacks on their contracts as lawyers and courts begin to apply the opinion not only in the homebuilder industry, but in consumer transactions generally. .

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Habitat for Humanity builds new home for single Chesapeake mom https://twostringers.com/habitat-for-humanity-builds-new-home-for-single-chesapeake-mom/ Wed, 21 Sep 2022 21:46:00 +0000 https://twostringers.com/habitat-for-humanity-builds-new-home-for-single-chesapeake-mom/ Habitat for Humanity organizers said it had a busy year. As the demand for affordable housing increases, so does the number of people applying for housing.

CHESAPEAKE, Virginia – Hampton Roads Habitat for Humanity has another house under construction. In Chesapeake, a team of volunteers spent the morning wrapping up construction of a new home for a family of three.

Habitat for Humanity volunteer coordinator Alissa Wilson said crews began renovating the house in June, cleaning it up and transforming it into something brand new.

“When we first got the house, it was only infested with mold on the inside,” she said.

In the city’s Deep Creek South neighborhood, Habitat for Humanity construction crews worked alongside a team of A1 Sewer and drain for the great construction effort.

“Surface, paint, build a fence. Helping the community,” said Ryan Bernard, General Manager of A1 Sewer & Drain. “The housing market, you know, prices are skyrocketing, so not everyone can afford to buy a house at a reasonable price.

We’re all paying more in rent and mortgages, and the need for affordable housing means greater demand at Habitat for Humanity, Wilson said.

“Over the past two years we have seen more applicants as the need for housing has increased,” she said.

This last house is for Kimberly Waters. She works alongside construction crews to help build her dream home.

“Homeownership is very important to me. It’s an investment,” Waters said. “I’ve rented all my life.”

Waters is a single mother of two and said she struggled to find affordable housing.

“It was very stressful. Very stressful. Some days you wanted to give up,” Waters said. “I was looking online, driving around looking, newspapers… whatever I could find, that’s where I was looking.”

These houses are never given away for free. Habitat for Humanity representatives work with families toward home ownership. Homeowners must help build their homes and pay a mortgage each month, which Wilson says is typically less than $1,000.

“People need housing. With the way the market is going up, some people find it hard to afford even a one-bedroom apartment,” Wilson said. “The more affordable homes we can build, the more families we can accommodate and the less they have to worry about.

The closing date for Waters’ house is October 20.

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Setback of Minister Narayan Rane in a legal battle against the illegal construction of his house https://twostringers.com/setback-of-minister-narayan-rane-in-a-legal-battle-against-the-illegal-construction-of-his-house/ Tue, 20 Sep 2022 06:18:37 +0000 https://twostringers.com/setback-of-minister-narayan-rane-in-a-legal-battle-against-the-illegal-construction-of-his-house/

The high court requested the civic body to demolish Narayan Rane’s bungalow in Juhu.

Mumbai:

The Bombay High Court on Tuesday ordered the Mumbai civic body to demolish the unauthorized construction of Union Minister Narayan Rane’s bungalow in the Juhu area, noting that it violated the rules of the Index of Ground Space (FSI) and Coastal Regulation Zone (CRZ).

A divisional bench consisting of Justices RD Dhanuka and Kamal Khata said the Brihanmumbai Municipal Corporation (BMC) cannot be allowed to consider and authorize the second application filed by a company run by the Rane family, seeking the regularization of the unauthorized construction because it would encourage “wholesale unauthorized construction”.

The court ordered the BMC to demolish the unauthorized parts within two weeks and submit a compliance report to the court one week after.

The bench also imposed a cost of Rs 10 lakh on Rane and ordered the amount to be deposited with the Maharashtra State Legal Services Authority within two weeks.

Mr Rane’s lawyer, Shardul Singh, has asked the court to suspend his order for six weeks so he can appeal to the Supreme Court.

The bench, however, rejected him.

The court rejected the petition filed by Kaalkaa Real Estates, a company owned by Mr Rane’s family, asking for instructions from the BMC to decide on their second claim without being influenced by the orders passed by the civic body earlier. .

The BMC had in June this year rejected the request for regularization, noting that there were violations in the construction.

The company filed a second application in July, saying it was seeking the regularization of a smaller portion than it had previously applied for, and under new provisions of the Control and Promotion Regulations 2034 of development.

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The organizations work together, building houses for ‘Raise the Woof!’ https://twostringers.com/the-organizations-work-together-building-houses-for-raise-the-woof/ Sat, 17 Sep 2022 23:45:30 +0000 https://twostringers.com/the-organizations-work-together-building-houses-for-raise-the-woof/

URBANA, Ill., (WCIA) — Everyone deserves a place to live, including our furry friends.

On Saturday, an organization in central Illinois wanted to do something about it. This is part of the “Raise the Woof” event.

Hundreds of people from various organizations gathered outside the Habitat for Humanity warehouse in Urbana throughout the day, competing to build the best home for dogs, cats, birds or even guinea pigs.

Chad Hoffman, executive director of Habitat for Humanity, said it helps build teamwork and camaraderie.

“A lot of times on the builder side, it can be one or two people who work in the office and one or two people who are on a job site, so they kind of combine their skills,” Hoffman said. . . “So maybe the office staff do a little creative work and the site guys do a little construction.”

Teams were divided into two different build categories, “old dogs” with experience or “young puppies”. Those with experience built their house from scratch, the “young puppies” followed the instructions and used specific materials.

On Monday, they will deliver the homes to Marketplace Mall in Champaign. Anyone can bid on it, and the money goes towards future projects with Habitat for Humanity.

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China’s real estate woes deepen in August as prices, sales and investment tumble https://twostringers.com/chinas-real-estate-woes-deepen-in-august-as-prices-sales-and-investment-tumble/ Fri, 16 Sep 2022 05:39:00 +0000 https://twostringers.com/chinas-real-estate-woes-deepen-in-august-as-prices-sales-and-investment-tumble/

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  • New home prices fall at fastest monthly rate since November 2021
  • New home prices fall at fastest year-on-year pace since August 2015
  • Home sales fall for 13th straight month

BEIJING, Sept 16 (Reuters) – China’s housing market woes deepened in August, with official data showing house prices, sales and investment all fell in August, as a boycott of mortgages and Developers’ financial strains have further damaged confidence in the sector.

New home prices resumed their month-on-month decline in August, down 0.3%, according to Reuters calculations based on data from the National Bureau of Statistics (NBS), dragged down by weakness demand in small towns amid continued slow deliveries by heavily indebted developers. Prices remained unchanged in June and July.

More importantly, prices extended their year-over-year contraction for the fourth month of August, with prices falling 1.3% last month, the fastest annual pace in seven years, and suggesting longer-term homebuyer aversion.

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Worsening housing problems are weighing on the outlook for the world’s second-largest economy, which narrowly escaped a contraction in the second quarter. The sector, once a key driver of economic growth, has gone from crisis to crisis since 2020 after regulators stepped in to reduce developers’ excess debt.

“The sector is still finding its bottom, although it is getting closer, even though policies have been relaxed in all areas,” said Zhang Dawei, chief analyst at real estate agency Centaline.

Authorities have taken steps to support the sector this year, including easing on home purchases, lower down payments, cuts in mortgage interest rates and a deeper reduction in the sale price of homes. Read more

Zhang said he expected Chinese authorities to roll out more measures in Tier 1 cities such as Beijing and Shanghai and Tier 2 cities to stabilize the market and restore buyer confidence in the short term.

Confidence in the sector has been shaken by a mortgage boycott across the country since late June as developers stopped building pre-sold housing projects due to tight cash and strict COVID restrictions. Read more

On Friday, separate data from the statistics office showed home sales fell for a 13th straight month in August, which did little to boost sentiment.

Property sales by floor area fell 22.58% year-on-year, according to Reuters calculations based on NBS data, the sixth month in a row they have suffered double-digit falls. Sales fell 23.0% year-on-year in the January-August period.

After the data was released, the CSI Real Estate Index (.CSI000952) on mainland stock markets fell 1.73%. The Hang Seng Mainland Properties Index (.HSMPI) in Hong Kong was down 0.73%.

UNFINISHED PROJECTS

Month-to-month price declines spread to more cities in August as unfinished projects across China increasingly weighed on long-term sentiment.

Of the 70 cities surveyed by the NBS, 50 reported price drops in August, compared to 40 cities in July.

Home prices fell 0.2% and 0.4% in Tier Two and Tier Three cities respectively, according to official data.

“It will take some time for the pool of unfinished real estate construction projects to be completed with local government support for developers, and in turn, for Chinese households to consider large-scale real estate investment again. “, said Robert Carnell, regional head of research at ING.

“Therefore, these numbers are likely to remain a blot on the economic landscape for quite some time.”

Real estate investment and new construction starts by developers also fell in August, suggesting that many property companies were still focused on paying down debt instead of launching new projects.

Investment fell 13.8% year-on-year in August after falling 12.3% in July. It lost 7.4% over the January-August period.

New construction starts as measured by floor area plunged 45.7% year-on-year — its biggest drop in nearly a decade — after falling 45.4% in July.

The Chinese yuan, also known as the renminbi, falling below 7 to the dollar on Friday would only add to the woes for developers.

Chinese real estate companies are the country’s largest issuers of dollar bonds, and the depreciation of the yuan would only make it more expensive for them to refinance their debt.

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Reporting by Liangping Gao and Ryan Woo; Editing by Muralikumar Anantharaman and Ana Nicolaci da Costa

Our standards: The Thomson Reuters Trust Principles.

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Tovo Pushes Renovation of Historic Convention Center House https://twostringers.com/tovo-pushes-renovation-of-historic-convention-center-house/ Wed, 14 Sep 2022 05:07:22 +0000 https://twostringers.com/tovo-pushes-renovation-of-historic-convention-center-house/

Wednesday, September 14, 2022 by Jo Clifton

For 22 years, the city has owned the historic Castleman-Bull House, which sits vacant and unused at 201 Red River St. across from the Austin Convention Center’s service yard entrance. Now, city council member Kathie Tovo hopes to pass a resolution this week that would start the process of renovating the interior and refurbishing the house.

The Austin Convention Center owns the property and paid for the exterior renovation in 2019. However, the city has yet to renovate the interior, a project that convention center manager Trisha Tatro and city manager Deputy Rodney Gonzales would like to address the renovation of the Palm District.

According to Tovo’s resolution, the Castleman-Bull House “is one of the oldest and most significant houses in 19th-century Austin, a fine example of the Italian style of the Victorian era”. Under the resolution, the convention center and the city’s historic preservation office would work together to get the ball rolling on renovating the home’s interior.

RM Castleman originally built the house in 1873 at 308 E. Seventh St. St. David’s Episcopal Church acquired the building in 1963 and it was the headquarters of the Caritas Foundation for over 30 years. After St. David’s donated the house to the city for preservation, it was moved to its current location on Red River Street.

The city has hired Jamail & Smith Construction to renovate the exterior of the house at a cost of $1.7 million. According to their research, four generations of Castlemans have occupied the house, which was “one of Austin’s grandest homes until the economic boom of the 1920s eclipsed its grandeur.”

Tovo says the convention center paid for the renovation of the exterior with capital budget funds. Currently, the capital fund has more than $181 million, which is clearly enough for the renovation, which was estimated to cost $2 million in 2017.

Tovo told the Council that at its current location, the house has no toilets, electricity or water. She said if it were renovated with funds from the convention center, the city could “give our customers the option of renting the space.”

Castleman fought as a Confederate soldier in the Civil War and was seriously injured, according to historical records. After recovering from his injuries, he becomes a wealthy merchant. Council member Natasha Harper-Madison questioned the wisdom of honoring a building with an awkward connection to the Confederacy. She wanted to have a process of community engagement before allocating money for the preservation of the structure.

Tovo was ready for it. In the last paragraph of her resolution, she wrote that, in accordance with the city’s process for reviewing names associated with Confederacy, the city manager would be responsible for initiating “a community input process to consider whether to change structure name,” and reviewing alternative names.

Photo courtesy of Google Maps.

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Contracts awarded for £1billion house building framework https://twostringers.com/contracts-awarded-for-1billion-house-building-framework/ Mon, 12 Sep 2022 06:32:30 +0000 https://twostringers.com/contracts-awarded-for-1billion-house-building-framework/

Framework provider owned by local LHC authorities (originally the London Housing Consortium)

will run its New Home Construction Framework (H2) from September 5, 2022 to September 4, 2026.

The framework, valued at £1billion, offers a range of traditional housing solutions to the public sector, as well as low, mid and high-rise developments, care homes, mixed-use sites and sheltered housing, students and key workers.

Civil engineering and associated infrastructure works required for new homes are also covered by the framework, with contractors specializing in the earthworks, demolition and site clearance required to facilitate the construction of new homes.

Regional LHC business units across England that operate the framework include LHC London & Southeast and Consortium Procurement Construction (CPC) in the North and Midlands.

Related Information

Technical Procurement Manager, Dean Fazackerley, said: “The new H2 framework in England will enable providers to meet today’s public sector housing challenges, meeting local housing demand while maintaining momentum in their journey towards the production of zero-carbon houses.

“It is critically important that we continue to meet the housing needs of local people while looking to the future, creating healthier environments that embody social, human and environmental considerations.

The companies designated under the H2 framework in England are:

  • AR demolition
  • ARJ Construction
  • Bugle Developments
  • Chartway Group
  • Coleman & Company
  • Deley Construction
  • DSM Demolition
  • Durkhan
  • Eco Group
  • Eric Wright Construction
  • Erith Contractors
  • Feltham Building
  • Guildmore
  • Higgins Partnerships
  • Hill Farms
  • Hugues & Salvidge
  • J Harper & Sons (Leominster)
  • Jarvis Contractor
  • Jeakins Dam
  • Construction Jerram Falkus
  • John F Hunt Regeneration
  • Lovell Partnerships
  • Mulalley & Company
  • Neilcott Construction
  • Oakwood Building Contractors
  • P Casey & Cie
  • RG Carter Cambridge
  • Sovini-Construction
  • Total Reclaims Demolition
  • Vinci Construction France
  • Vistry Partnerships
  • William Birch and Sons

The six areas of work covered by the H2 framework are:

  • Workstream 1 – Low Rise Housing up to 11m Floor Height
    Six tranches of project value: up to £2 million for construction only, up to £2 million for design and construction, £2 million to £5 million, £10m to £10m, £10m to £20m, over £20m
  • Workstream 2 – Construction of independent, assisted and residential care accommodation
    Two tranches of project value: up to £10m, over £10m
  • Workstream 3 – Mid to high rise developments with floor heights over 11 meters
    Two tranches of project value: up to £10m, over £10m
  • Workstream 4 – Renovation, conversions, extensions and adaptations
    Two tranches of project value: up to £2m and over £2m
  • Workstream 5 – Earthworks and site preparation for new housing projects
    A slice of project value: up to £2 million
  • Workstream 6 – Demolition, Decontamination and Associated Enabling Works
    Two tranches of project value: up to £750,000 and over £750,000

You have a story? Email news@theconstructionindex.co.uk

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