Skanska

Skanska UK saw its profit and revenue increase in 2022, according to just-filed company accounts. The contractor's pre-tax profit rose to £55m, a 59 per cent increase on the previous year's £34.7m. Turnover increased to £1.4bn, a 17 per cent increase on the previous year's £1.2bn, with its pre-tax profit…

Royal Bam topped the monthly contractors’ league table in July for the first time since 2020, after it was chosen to build converter stations at each end of a £2bn undersea cable between Scotland and England. The firm was awarded £500m for its share of work on Eastern Green Link…

Skanska has been named as the preferred bidder on a £450m roads contract for the Lower Thames Crossing megaproject. It is the second of three major contracts to be awarded by National Highways for the planned road tunnel crossing the Thames Estuary between Kent and Essex. Covering almost four miles…

A joint venture (JV) between Skanska and Black & Veatch has landed a £219m design-and-build contract from the Ministry of Defence (MoD) for a new building at RAF Molesworth in Cambridgeshire. The contract for the two-storey facility (pictured) was awarded by the MoD's Defence Infrastructure Organisation (DIO) on behalf of…

The Skanska Costain Strabag joint venture (SCS JV) working on HS2 has been awarded an additional £305.3m by HS2 Ltd. The funds, awarded under the existing £3.8bn contract, will go towards works on Phase One of the new high-speed railway. They relate to planned and agreed changes to the scope…

Skanska UK has appointed Katy Dowding as its new president and chief executive, effective from 2 May, making her the only woman currently running a tier one contractor. Dowding (pictured), a 20-year veteran of the company, has been promoted from her current role as executive vice president, to which she…

A former Crossrail worker has said he was fired and blacklisted after raising concerns about health and safety. In a statement read out in the High Court today, Daniel Collins said there was a “culture of hostility” towards trade union activists in construction, which led to him being blacklisted from…

HS2 is investigating how a roughly 6 square metre pool of bubbling slurry emerged on a rugby pitch in Ruislip, north-west London. The brown foam emerged from the ground on Saturday (18 February), above a site where CSC – a joint venture between Costain, Skanska and Strabag – is boring…

Client bodies are moving away from “race to the bottom” procurement, having come to understand contractors’ struggles with inflation, the chief executive of tier one contractor Bouygues UK has said. Racing to the bottom on procurement usually refers to clients valuing low-cost options above all else. Speaking at the CN…

HS2’s decision to use a government electricity framework has cut the price it pays for energy by approximately 10 per cent. The multimillion-pound high-speed rail project opted to use a government framework to buy in the electricity it needs to power machinery used on phase one of the build, which…