Laing O’Rourke has officially handed the Everton FC’s new stadium over to the football club, after three and a half years’ construction work. Wxecutive Chairman Marc Watts and Interim CEO Colin Chong joined Laing O’Rourke Project Director Gareth Jacques for a ceremonial handover of the stadium. Everton will now oversee
The majority of the major infrastructure project to transform Bradford city centre is now complete. All major changes to the road network, the new bus loop, and the pedestrian core area are in place. Construction work began in July 2023 as part of the West Yorkshire Combined Authority’s Transforming Cities
2024 has been a landmark year for Study Inn, with the company winning three prestigious awards across the student accommodation sector, cementing its reputation as a leader in the industry. At the Property Week Student Accommodation Awards held at Wembley, Study Inn won Best Health & Wellbeing Initiative Award. The
Award-winning housebuilder The Hill Group has taken a significant step into the thriving Build-to-Rent (BtR) market by securing its first forward funding deal with Lloyds Living. This landmark partnership marks a major milestone for Hill Group as it ventures further into this expanding sector. The inaugural project involves the creation
The Passivhaus Trust responds to the Scottish Government’s Scottish Passivhaus Equivalent announcement The Scottish Government yesterday laid amendments to the Building (Procedure) (Scotland) Regulations to enable the implementation of the Scottish equivalent to the Passivhaus standard. This meets the commitment made by Ministers in December 2022 to give effect to Alex Rowley
A Christmas lunch attended by more than 200 women across the region’s construction sector has looked to ‘bridge the gap between education and industry’. The Women in Construction Anglia event, at Ipswich Town Football Club on December 10, aimed to inspire the next generation of women to take up a
An innovative project using continuous data feeds from hundreds of trucks, excavators, and other earthmoving equipment to boost efficiency and cut carbon emissions has helped one of HS2’s biggest contractors win a top sustainability award. EKFB – a joint venture made up of Eiffage, Kier, Ferrovial Construction and Bam Nuttall
A Victorian building close to the Imperial War Museum in London which has been designed and renovated into an architects practice, has been highly commended at this year’s annual Secured by Design (SBD) awards. The historic nature of the building and its position within the West Square Conservation Area in
The Royal Town Planning Institute (RTPI) and the Royal Institution of Chartered Surveyors (RICS) have announced an exciting partnership for the 2025 UK Real Estate Investment & Infrastructure Forum (UKREiiF). The event, scheduled for 20–22 May 2025 in Leeds, will spotlight the pivotal roles of planning and surveying in shaping
Large construction projects offer exciting opportunities for growth and profitability, but they also come with significant financial challenges. Managing cash flow is one of the most critical aspects of ensuring project success. With extended timelines, unpredictable costs, and staggered payments, maintaining a steady flow of funds can be daunting. Here’s
Laing O’Rourke has officially handed the Everton FC’s new stadium over to the football club, after three and a half years’ construction work. Wxecutive Chairman Marc Watts and Interim CEO Colin Chong joined Laing O’Rourke Project Director Gareth Jacques for a ceremonial handover of the stadium. Everton will now oversee a six-month fit-out phase, with interior designers, tradespeople, and audio-visual engineers completing the stadium’s bars, restaurants, and other facilities. Laing O’Rourke will maintain a presence at the stadium in the early months of 2025 to ensure quality standards are met. Everton’s Executive Chairman Marc Watts said: “I feel privileged to be here today to be part of the handover of this magnificent stadium in this stunning, unrivalled location. It is an illustrious moment in the history of Everton and marks a new era for the Club on many levels. The stadium will play a key role in supporting our commercial vision for the Club – hosting events and activities all-year round – but first and foremost, I have no doubt that it will be a venue that every Evertonian will be proud to call home.” A series of three test events will take place in 2025 before the Club stages its first competitive fixture at the stadium at the start of the 2025/26 season. More information on how Evertonians can qualify for and access the test events will be released in the New Year. Everton Interim CEO Colin Chong added: “Our thanks go to Laing O’Rourke, their workforce and extensive supply chain, along with the many people who have helped bring our vision to fruition. “Everton’s passionate supporters deserve immense praise for investing fully in this journey, right from the initial consultation phases and throughout the three-and-a-half-year build process. “Construction has not been without its challenges, but we have remained on schedule despite a worldwide pandemic and a war in Ukraine, which threatened to affect the delivery of materials and destabilised financial markets. “That is a testament to everyone involved and I am sure I speak for all our staff and supporters by saying we are absolutely delighted to take control of a site which will soon become one the best football stadiums in world football. “I often describe our new home as Liverpool’s Fourth Grace, and I truly believe this magnificent stadium is one that the whole city can be proud of.” The Club formally took possession of the site on Monday, 26 July 2021, with construction partners Laing O’Rourke immediately working on putting in place welfare facilities for their 12,000 construction staff. Everton Stadium, recognised as the largest single-site private sector development in the country, will contribute an estimated £1.3bn to the UK economy and attract 1.4m visitors to the city of Liverpool, annually. The scheme, which has led to the creation of thousands of jobs and forms part of Peel L&P’s £5bn Liverpool Waters project in the city’s Northern Docks, will act as a catalyst for more than £650m worth of accelerated regeneration directly benefiting the nearby Ten Streets development. Building, Design & Construction Magazine | The Choice of Industry Professionals
The majority of the major infrastructure project to transform Bradford city centre is now complete. All major changes to the road network, the new bus loop, and the pedestrian core area are in place. Construction work began in July 2023 as part of the West Yorkshire Combined Authority’s Transforming Cities Fund. Key changes include a new Croft Street gyratory, a new pedestrian and cyclist crossing, and significant improvements around the National Science and Media Museum and Alhambra Theatre. The new bus loop connects key areas of the city centre, including North Parade, The Broadway Shopping Centre, and the university area. New cycleways and bus stops have been installed throughout the city centre. All new pedestrianised areas are now open to the public, creating a safer and more accessible space for pedestrians. Landscaping and planting are mostly complete, with the remaining work to be finished early in the new year. Work in the Norfolk Gardens area, the final piece of the project, is progressing well, with the majority of the groundwork now complete. The project team will return to the city centre after the festive break to complete this final section. Councillor Alex Ross-Shaw, Bradford Council’s Executive Member for Regeneration, Planning and Transport praised the work of those constructing the scheme and said: “The teams working on the scheme have pulled out all the stops to get the project to this stage in time for the Christmas break. “We are already seeing the benefits of moving the heavy traffic out of the core of the city centre. Air quality has improved, and the new traffic-free public spaces are making it easier to get around and between shopping and entertainment areas. “As each area has been opened up the feedback from the public has been great and we can’t wait to showcase Bradford to the country next year as the UK City of Culture. The remaining work at Norfolk Gardens to complete the project will begin in earnest in the new year and is scheduled to be completed in the next few months, creating a fantastic new green park in the heart of the city centre.” The Bradford City Centre Walking and Cycling Improvements project is being delivered through the West Yorkshire Combined Authority’s Transforming Cities Fund, which is a capital grant transport fund, provided by the Department for Transport and cannot be used for other purposes, such as delivering day to day services or other projects. Building, Design & Construction Magazine | The Choice of Industry Professionals
2024 has been a landmark year for Study Inn, with the company winning three prestigious awards across the student accommodation sector, cementing its reputation as a leader in the industry. At the Property Week Student Accommodation Awards held at Wembley, Study Inn won Best Health & Wellbeing Initiative Award. The judges praised the company’s pioneering approach to student wellness, highlighting the introduction of wellness spas in its properties as a sector first. “Your innovative approach to prioritising student health and wellbeing is nothing short of groundbreaking. By creating spaces where students can relax, recharge, and focus on their overall wellbeing, you’re setting a new standard for the industry”, the judges noted. Earlier this year, Study Inn celebrated an notable achievement at the StudentCrowd Voice Awards, receiving ‘Best Student Accommodation’ accolades in every city it operates in—Bristol (1st), Leeds (1st), Loughborough (1st), Exeter (2nd), Leicester (2nd), and Nottingham (3rd). These awards are especially meaningful as they are based on direct feedback from resident students. Study Inn also secured Best Student Broadband Award at the Global Student Living Awards, another student-voted recognition award, that reflects over 100,000 student voices across the UK and Ireland. The company also celebrated its Gold Certified Operator status for the second consecutive year, a testament to its ongoing operational excellence with a net promoter score of +34, 2.6x the benchmark for private halls. Since its inception in 2009, the luxury student accommodation owner, developer, and operator, has been dedicated to putting student wellbeing first, offering an all-inclusive, hotel-like service that sets it apart. From housekeeping, concierge, and 24/7 on-site staff to superfast Wi-Fi and state-of-the-art amenities including wellness spas, yoga studios, bowling lanes, cinema rooms, and study areas, Study Inn delivers an unrivalled experience for its residents. Matt Shakespeare, Managing Director of Operations, commented: “Winning these awards is an endorsement of our product and level of service and reflects the hard work of our entire team. From day one, we’ve been committed to creating spaces where students feel supported, inspired, and cared for. It’s great to see our efforts recognised on such a prestigious scale, and we’re excited to continue raising the bar for student accommodation.” Building, Design & Construction Magazine | The Choice of Industry Professionals
Award-winning housebuilder The Hill Group has taken a significant step into the thriving Build-to-Rent (BtR) market by securing its first forward funding deal with Lloyds Living. This landmark partnership marks a major milestone for Hill Group as it ventures further into this expanding sector. The inaugural project involves the creation of 264 rental apartments in Stevenage, Hertfordshire. It represents a key phase of a larger masterplan, led by Hill, to deliver 576 apartments in Stevenage town centre. Designed to meet modern living demands, the one and two-bedroom apartments will be spread across three state-of-the-art buildings and offer residents exclusive amenities such as an on-site concierge, gym, co-working spaces, and parking facilities. Lloyds Living, the rental and shared ownership housing division of Lloyds Banking Group, is providing forward funding for the project and will oversee the management and leasing of the properties upon their scheduled completion in 2026. Expanding Hill Group’s BtR Footprint Building on its reputation as a trusted partner in the housebuilding industry, Hill is actively exploring BtR opportunities in collaboration with investors and partners. These initiatives include forward funding, forward commit, and joint ventures. The Stevenage development complements Hill’s growing pipeline of large-scale BtR projects, including flagship schemes in Coventry and Wembley. Andy Hill OBE, founder and Group Chief Executive of The Hill Group, shared his enthusiasm for the venture: “We are thrilled to announce our first Build-to-Rent deal, underscoring our commitment to this dynamic market. By combining our expertise in creating vibrant living spaces with Lloyds Living’s proven track record as a funder and operator, we are confident this Stevenage development will set a benchmark for quality rental homes. With its prime location and excellent amenities, this project is perfectly tailored to meet the needs of the growing number of professionals seeking rental properties in the area.” Meeting Housing Demand with Lloyds Living Andy Hutchinson, CEO of Lloyds Living, highlighted the significance of the Build-to-Rent sector: “BtR plays a crucial role in addressing the UK’s housing needs. Partnering with Hill on projects like this enables us to deliver high-quality homes for rent in areas where they are most needed, alongside the facilities that modern renters prioritise.” Looking Ahead The Stevenage project exemplifies the potential of Build-to-Rent to transform urban living by providing professionally managed rental properties in vibrant, well-connected locations. With both Hill Group and Lloyds Living focused on quality and community, this partnership is poised to deliver homes that meet the evolving expectations of today’s renters while contributing to the regeneration of Stevenage town centre. Building, Design & Construction Magazine | The Choice of Industry Professionals
The Passivhaus Trust responds to the Scottish Government’s Scottish Passivhaus Equivalent announcement The Scottish Government yesterday laid amendments to the Building (Procedure) (Scotland) Regulations to enable the implementation of the Scottish equivalent to the Passivhaus standard. This meets the commitment made by Ministers in December 2022 to give effect to Alex Rowley MSP’s final proposal for a proposed ‘Domestic Building Environmental Standards (Scotland) Bill’. Scottish Building Standards has issued an accompanying statement, outlining the next steps for the implementation of the Scottish Passivhaus Equivalent policy. The Passivhaus Trust welcomes the following: The Passivhaus Trust notes that the legislative amendments announced today are quite minimal in scope, as many of the changes needed to implement a Scottish Passivhaus equivalent policy are already possible within existing building standards and do not require substantial legislative changes. Scottish Building Standards has explained this further: “…our current regulations and mandatory standard which address energy and environmental performance already provided the means to deliver the improvements which are currently sought. However, changes were needed to The Building (Procedure) (Scotland) Regulations 2004 to enable more effective reporting of evidence that compliance with relevant standards is achieved”. The Passivhaus Trust understands that the fine details of the policy are still to be revealed over the next few months. The outcome of the 2024 consultation process has yet to be announced and a further consultation in 2025 will determine the specific changes to performance targets and supporting compliance processes. The Scottish Building Standards team has stated that its consultation analysis report and Scottish Government response will be published shortly on the consultation webpage. In the next stage of proposals the Passivhaus Trust would like to see : Sarah Lewis, Research & Policy Director of the Passivhaus Trust said:“Today’s announcement by the Scottish Government is an important first legislative step but we are still awaiting the fine details of what that policy will look like. We are hopeful that the recommendations we put forward in our consultation response will have been taken on board so that Scottish building standards have the accurate tools and absolute energy targets that would be essential for any standard aiming to be a Passivhaus equivalent.” Building, Design & Construction Magazine | The Choice of Industry Professionals
A Christmas lunch attended by more than 200 women across the region’s construction sector has looked to ‘bridge the gap between education and industry’. The Women in Construction Anglia event, at Ipswich Town Football Club on December 10, aimed to inspire the next generation of women to take up a career in the sector, while giving students the opportunity to meet female role models in the industry. Organised by Clare Friel, Managing Director of marketing agency Friel and founder of Construction Anglia, the event also sought to create a supportive community of women in a wide variety of construction roles across East Anglia. Clare said: “I created Women in Construction Anglia so that people could form new connections, and students studying on construction-related courses could see the opportunities in the industry. “The biggest thing that came out from our first event in October was role models – the fact our panellists didn’t have them when they came into the industry, but the students that attended now do. “We can’t get more women into the industry if they don’t know the opportunities that exist. “That’s why it’s a priority for me to not only mix industry with education but to mix students together from different colleges.” The event was attended by staff and students from West Suffolk College and Suffolk New College and hosted by Siu Mun Li, CITB’s Most Influential Woman in Construction 2023 and Director at Temporary Works Forum. Averil Young, lecturer at West Suffolk College, said: “These events offer a unique and inspiring chance to bridge the gap between education and industry, providing my students with an invaluable window into the exciting and rewarding careers that could be part of their futures. “Meeting powerful role models—women excelling in roles across the industry, from hands-on trades to senior leadership—has an immeasurable impact, showing my students what’s possible and inspiring them to dream bigger than ever before.” The event was sponsored by DPL Group, LDD Construction, KLH Architects, Howard Construction, Breheny, TRU 7 Group and Hudson Group. Kaleigh Norris, Head of Careers and Employer Engagement at Suffolk New College, attended the event along with a group of female electrical students. She said: “For our learners to be able to hear stories about the industry directly from employers and to hear how passionate they are about the sector helps them feel pride in what they are studying and excited to go into this industry in their future careers.” For more information on Women in Construction Anglia and upcoming events, see www.womeninconstructionanglia.com Building, Design & Construction Magazine | The Choice of Industry Professionals
An innovative project using continuous data feeds from hundreds of trucks, excavators, and other earthmoving equipment to boost efficiency and cut carbon emissions has helped one of HS2’s biggest contractors win a top sustainability award. EKFB – a joint venture made up of Eiffage, Kier, Ferrovial Construction and Bam Nuttall – which is delivering some of the largest cuttings and embankments on the new high-speed railway, has been awarded ‘Platinum’ status by the Supply Chain Sustainability School (SCSS). Part funded by the Construction Industry Training Board (CITB) and industry partners, the School was set up in 2012 to boost knowledge and collaboration in the built environment. The new status was awarded in recognition of EKFB’s commitment to sustainable practices, which include the use of the Digital Earthworks programme and improvements to supply chain management. The Digital Earthworks programme – known as DIGGER (DIGital Graphical Earthworks Reporting) – is a partnership between EKFB and construction equipment supplier Finning to streamline earthmoving. It has already led to a saving of more than £25m for the project by avoiding unnecessary vehicle movements and cutting fuel consumption. It makes extensive use of data from 700 earthmoving machines, which are fitted with electronic weight sensors to monitor the millions of cubic metres of rock and earth that needs to be moved across the line’s 80km central section and telemetry devices that monitor utilisation of machines on site. This includes graders, loading shovels, dozers and compactors used on site as well as trucks and excavators. Anti-idling is also a key priority, not only to enhance energy efficiency, reduce costs, and boost productivity, but also as a protective measure to minimise workers’ exposure to black carbon, improving their working conditions and benefiting the local community. This is achieved through the use of telematic data and workforce training. Andrea Davidson, HS2 Ltd’s Head of Carbon & Climate Change said: “Platinum status is a fantastic achievement for EKFB and I’d like to congratulate everyone involved. Their new processes are already cutting unnecessary vehicle movements and helping to optimise our earthmoving programme as well as boosting our supply chain management. “Across the whole project, we continue to reduce our carbon footprint in construction and it’s great to see our contractors engaging with the Supply Chain Sustainability School to ensure best practice is actively being shared across the whole industry.” Craig Downs, EKFB’s Plant Manager said: ‘’This is a tremendous achievement for not just EKFB but for our entire supply chain. In just seven months we’ve elevated from gold to platinum status – an incredible testament to the unwavering dedication of everyone involved. “By not only adhering to the HS2 Non-Road Mobile Machinery (NRMM) process but surpassing the targets set, we’ve achieved significant reductions in hydrocarbons and tailpipe emissions, as well as marked improvements in engine stages. This milestone underscores our collective commitment to sustainability and excellence’’. Construction of the HS2 project – which will improve journeys between London and the West Midlands while freeing up space on the existing West Coast Main Line for more freight and local services – is now well underway. As part of its section of the project – from the Chilterns to south Warwickshire – EKFB must shift 60.5 million cubic metres of rock and earth and the Digital Earthworks processes play a significant role in the job by ensuring vehicle movements are as efficient as possible. As well as the DIGGER programme, the school also recognised EKFB’s progress on embedding best practice across their supply chain. This includes a commitment to meet the high standard of the charter, working collaboratively with all parties and the provision of e-learning to move towards a more sustainable approach to construction. Alan Silvester, EKFB’s Carbon Manager said: “The DIGGER system has been invaluable to EKFB, helping us monitor heavy plant vehicle performance, fuel usage, and inefficiencies. By using real-time data, we aim to reduce carbon emissions through improved operator training and eco-friendly practices. The system also supports data-driven decisions, such as load optimization and resolving site road issues, enhancing efficiency and lowering emissions.” The school established the Plant Charter in 2020 to support the UK’s ambition of Net Zero by 2050. Signatories are encouraged to take measures to lower emissions on construction sites, address and reduce tailpipe emissions, and train staff on why and how to reduce emissions. These measures result in improved air quality and more environmentally friendly working practices. To achieve the platinum standard, companies must meet standards set by the SCSS, be reassessed every 12 months, demonstrate increased competency in sustainable practices, attend multiple training events and be at the forefront of sharing best practice with other companies. James Cadman, Head of Consultancy & Climate, Supply Chain Sustainability School, said: “The Plant, Tools and Equipment Charter is a clear declaration that organisations are committed to taking tangible steps to reduce air quality impacts and carbon emissions. EKFB has reaffirmed its dedication to these goals by being amongst one of the first companies in the UK to achieve Platinum certification in the Charter. “The recent introduction of the Platinum level highlights the highest standard of excellence, and EKFB’s achievement acknowledges the outstanding efforts they’ve made—and continue to make—in minimising air quality impacts and reducing carbon emissions.” EKFB were the first HS2 contractor to be certified by the SCSS, being awarded Bronze status in 2022 and Gold status the following year alongside fellow main works contractor SCS, a joint venture made up of Skanska, Costain and STRABAG who are building the London tunnels. EKFB has now become the first HS2 contractor to be awarded the highest status – Platinum. Building, Design & Construction Magazine | The Choice of Industry Professionals
A Victorian building close to the Imperial War Museum in London which has been designed and renovated into an architects practice, has been highly commended at this year’s annual Secured by Design (SBD) awards. The historic nature of the building and its position within the West Square Conservation Area in Southwark required a balanced approach to the implementation of SBD Commercial Developments guidance, with the building being renovated and developed to include office space, a communal reception area, staff meeting space and staff terraces at the rear. Pre-planning commenced in November 2019 with EPR architects and the developer working with the local police Designing Out Crime Officer (DOCO) to ensure that whilst the building was sympathetically renovated keeping as many original features as possible, appropriate security measures commensurate to the local crime risk were included in the building. The security features in the detached building, which had been unoccupied for some time, included new PAS 24:2016 certified sash windows; a new heritage style timber front door certified to PAS 24:2016 with a secondary door fitted internally on access control to allow for entry/exit during opening hours; access controlled doors leading from the reception areas to ensure that access into the building by visitors was controlled appropriately; a full range of CCTV cameras covering key positions, both internally and externally and monitored from reception; a monitored intruder alarm including glass sensors and door contacts; appropriate lighting to the front and back of the building; and the reintroduction of gates on the boundary of the building which had previously been removed. Receiving the award, Metropolitan Police Designing Out Crime Officer Alan Denyer said: “It was a pleasure to work with EPR on the crime prevention and SBD recommendations for this development. The result is a secure development that provides reassurance to those working at the location whilst respecting the architectural significance of the building”. Edward Wood, Associate Director EPR Architects, said: “As a reinvention of an existing Victorian building, the transformation of All Saints has not only provided us with a beautiful new studio but has also significantly enhanced the building’s security measures. “Achieving a Secured by Design Development Award certificate, our design introduced a fully integrated alarm and surveillance system and access control measures, including bespoke gates to the side of the building. Due to its historic nature, the integration of physical security upgrades needed to be carefully considered from the outset to ensure their appearance complimented the detailing of the existing building. With all the new measures and upgrades seamlessly in place, we feel confident that All Saints is a safe and secure workspace for the EPR team”. Improved security Developers around the UK can achieve SBD awards for incorporating crime prevention measures and techniques into their developments in all kinds of building sectors, such as residential, education, health, transport, commercial, retail, sport and leisure. Indeed, SBD can be used as evidence to discharge third-party obligations under Part Q of Schedule 1 (Security) to the English Building Regulations, the Scottish Building Standard 4.13 (Security) and Welsh Building Regulations Part Q (Security – Dwellings). These awards are gained by working with police Designing Out Crime Officers (DOCOs), who advise architects, developers and local authority planners long before construction begins – and continue to provide advice and guidance until the development is complete. Academic and other research shows that improving standards of security in brand new and refurbished properties, helps deter and reduce crime. Reducing crime and the fear of crime has direct links to better physical and mental well-being, such as with regard to high volume crimes like domestic abuse. The built environment influences the behaviour of people who work, live, socialise or simply pass through. SBD seeks to create environments where the law-abiding feel safe and secure whilst at the same time causing the criminal or anti-social to feel vulnerable to detection and thereby influence behaviour in a positive way. This continues to be a key objective for SBD. Find out more about SBD Developers Awards here. SBD Design Guides SBD has produced a series of authoritative Design Guides to assist the building, design and construction industry to incorporate security into developments to comply with the Building Regulations in England, Scotland and Wales and meet the requirements of SBD. These Design Guides, available to download for free at the SBD website, have been updated over the years to keep pace with changing patterns of criminal behaviour and advances in building design and new technology. They are a valuable source of reference to architects, developers, self-builders, local authority planners and police officers and cover a range of building sectors, including residential, education, health, transport and commercial. Police Designing Out Crime Officers DOCOs provide specialist crime reduction advice to the public, businesses and colleagues about premises or property security. They also work with building developers, architects, and council planning departments regarding new developments and refurbishments, to ‘design out’ crimes like burglary and anti-social behaviour (ASB) by providing advice on street lighting, building and street layout, entrances and exits – as well as preferred standards and specifications for doors, windows, and locks, under the Secured by Design initiative. DOCOs are able to deliver site specific interventions required to help design out crime in areas that suffer disproportionately from acquisitive crime, based on local crime pattern analysis, police, local authority and community engagement and the collective knowledge and experience of how criminals behave. DOCOs are specialist problem solvers, working every day to make a positive difference, changing lives for the better and helping people to be safe and secure in their homes. Contact details for local DOCOs can be found here. Building, Design & Construction Magazine | The Choice of Industry Professionals
The Royal Town Planning Institute (RTPI) and the Royal Institution of Chartered Surveyors (RICS) have announced an exciting partnership for the 2025 UK Real Estate Investment & Infrastructure Forum (UKREiiF). The event, scheduled for 20–22 May 2025 in Leeds, will spotlight the pivotal roles of planning and surveying in shaping the UK’s built environment. Elevating Industry Standards The RTPI, an international professional body representing over 27,000 town planners globally, continues its mission of shaping planning policy and accrediting world-class planning education. With a legacy spanning over a century, it remains the sole UK organisation conferring Chartered status to planners. RICS, renowned for driving professionalism across land, real estate, and infrastructure, brings its global influence to ensure consistency and excellence in the built and natural environments. Through certifications, training, and its respected standards, RICS fosters transformative industry practices. A Collaborative Hub at UKREiiF 2025 At the forum, RTPI and RICS will host a shared space dedicated to discussions, panels, and networking. This central hub will provide opportunities for stakeholders and industry leaders to engage on topics of sustainability, placemaking, and innovation in the built environment. Justin Young, Chief Executive of RICS, emphasised the importance of collaboration:“The UK government’s focus on the built environment aligns with our goals. Partnering with RTPI allows us to champion surveying’s impact on housing, energy-efficient commercial properties, and high-quality placemaking through our standards.” Dr Victoria Hills, Chief Executive of RTPI, shared her enthusiasm:“This partnership highlights the vital role of planning and surveying in building sustainable and inclusive communities. It’s an opportunity to connect with industry leaders and explore innovative solutions.” A Platform for Sustainable Growth Nathan Spencer, Managing Director of UKREiiF, welcomed the partnership:“The involvement of RTPI and RICS will elevate discussions at UKREiiF. Their expertise is instrumental in fostering sustainable and innovative solutions for infrastructure and investment in the UK.” As a flagship event, UKREiiF 2025 will attract investment, stimulate economic growth, and promote sustainability and inclusivity in the property and construction sectors. Supported by leading UK companies, it continues to be a vital forum for shaping the future of the industry. For further details, visit the event website: UKREiiF 2025.
Large construction projects offer exciting opportunities for growth and profitability, but they also come with significant financial challenges. Managing cash flow is one of the most critical aspects of ensuring project success. With extended timelines, unpredictable costs, and staggered payments, maintaining a steady flow of funds can be daunting. Here’s a comprehensive guide to navigating cash flow challenges during large construction projects, including how construction loans can serve as an integral financial tool. Understand the Cash Flow Cycle The cash flow cycle in construction projects is often complex. Upfront costs like materials, labor, and permits must be covered well before payments from clients are received. This gap between expenditures and receivables can create financial strain. Start by mapping out your project’s cash flow. Identify when key expenses will occur and when payments are expected. A detailed cash flow projection helps you anticipate shortfalls and plan accordingly. Negotiate Favorable Payment Terms One way to ease cash flow pressure is to negotiate better payment terms with clients. Instead of waiting for a lump sum at project completion, structure payments around milestones. For example, request a deposit before starting the project and additional payments at key stages, such as completing the foundation or framing. Similarly, work with suppliers to arrange flexible payment terms. Extended payment periods or discounts for early payment can provide breathing room in your budget. Building strong relationships with vendors makes these negotiations more likely to succeed. Use Construction Loans to Bridge Gaps Construction loans are a lifeline for managing cash flow challenges during large projects. These loans are specifically designed for the construction industry and offer tailored solutions to cover various expenses. Types of Construction Loans Project-Specific Loans: These loans fund specific construction projects and are disbursed in stages as milestones are completed. This ensures that funds are used efficiently and align with project needs. Equipment Financing: For projects requiring specialized machinery, equipment financing spreads the cost over time, easing the immediate financial burden. Lines of Credit: A business line of credit provides flexible access to funds, allowing you to draw only what you need and repay as cash flow improves. To secure a construction loan, prepare a comprehensive application that includes project details, budgets, timelines, and repayment plans. Strong financial records and a history of successful project management can enhance your chances of approval. Monitor Cash Flow Regularly Consistent monitoring is essential for staying ahead of cash flow challenges. Use accounting software or construction management tools to track income and expenses in real-time. Regularly compare your projections to actual figures to identify discrepancies early. Addressing potential issues before they escalate can save your project from costly delays or financial strain. Plan for Contingencies Unexpected costs are inevitable in construction, whether due to weather delays, material shortages, or design changes. Planning for these contingencies is crucial to maintaining cash flow. Set aside a contingency fund in your budget, usually about 5–10% of the total project cost, to handle unforeseen expenses. This buffer ensures that unexpected challenges don’t derail your project or cash flow. Optimize Resource Allocation Efficient resource management is another key to cash flow stability. Avoid over ordering materials or overstaffing early in the project, as these expenses can drain funds prematurely. Coordinate schedules to align labor and material needs with project phases. Investing in construction management software can streamline resource allocation and minimize waste. Leverage Invoice Financing Long payment cycles are a common cash flow bottleneck in construction. Invoice financing offers a solution by providing immediate funds based on your outstanding invoices. With invoice financing, you don’t have to wait for clients to pay before accessing the capital tied up in receivables. This allows you to cover expenses and keep the project moving without delays. Communicate With Stakeholders Open communication with clients, suppliers, and subcontractors is essential for managing cash flow. Keep stakeholders in the loop about project progress and any potential financial concerns. Transparency builds trust and fosters collaboration, making it easier to negotiate payment terms or resolve disputes. Regular updates also ensure everyone is aligned, reducing the risk of surprises that could disrupt cash flow. Be Prepared for Your Next Project Large construction projects present unique cash flow challenges, but with careful planning and strategic financing from a lender like ForaFinancial.com, these obstacles can be effectively managed. From leveraging construction loans to negotiating better payment terms, there are numerous tools and strategies available to keep your project on track financially. By monitoring cash flow, planning for contingencies, and sticking to clear communication, you can navigate the complexities of large-scale construction and achieve success. A proactive approach not only ensures smoother operations but also sets your business up for long-term growth and profitability.
