Construction UK Magazine

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November 20, 2024 in In the Spotlight: ISG’s Collapse – A Wake-Up Call for the Construction Industry
November 20, 2024 in Company News: CIE Group Announces Exclusive Distribution Agreement with VOLO
November 20, 2024 in Project News: New facility marks BCU’s commitment to net zero homes and the construction workers of the future
November 20, 2024 in In the Spotlight: The countdown to the Big Retrofit Challenge entry deadline is on
November 19, 2024 in Project News: Vistry works in partnership to create new homes on former quarry site in Maidstone

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Saint-Gobain Interior Solutions Tackles the Skills Gap In First ‘Building Better’ Episode

Saint-Gobain Interior Solutions, through its brands British Gypsum and [...]
Top six gear up for WorldSkills final

It could be destination Shanghai for the winner of this year’s [...]
New era dawns in Dumfries as High Street site’s transformation completes

Construction is complete on the first phase of the transformation of [...]
GRAHAM appointed as construction partner for Greystar’s Stratford Mill residential development

GRAHAM has been appointed by global investment, development, and real [...]
XPO Logistics receives prestigious Employer Recognition Scheme Gold Award by UK Armed Forces Covenant

XPO, a leading provider of innovative and sustainable end-to-end logistics [...]
214 apartment BTR scheme in Leatherhead practically completes

Watkin Jones, the UK’s leading developer and manager of residential [...]

ISG’s Collapse – A Wake-Up Call for the Construction Industry

Yosof Ewing, ‘The Contract Coach’ The downfall of ISG, a significant name in construction, has shaken the industry to its core, putting countless jobs in jeopardy and casting doubt over many public and private projects. However, this collapse is not just a one-off failure—it’s a symptom of a deep-rooted issue that the construction sector must confront before more damage is done. Operating a business with a turnover of £2.2 billion and a profit margin of just £11 million—equating to a precarious 0.5%—is a recipe for disaster. Such a fragile model isn’t an unfortunate circumstance; it’s a strategic choice, revealing a wider problem among top-tier construction companies. ISG’s decision to persist with such a minimal margin [...]