Large construction companies dream of making 5% profit a year, most would snatch your hand off for a consistent 2%.I’ve read that margins on large arena projects are typically no more than 2–5%, so fixed-price contracts are very risky.
Large construction companies dream of making 5% profit a year, most would snatch your hand off for a consistent 2%.I’ve read that margins on large arena projects are typically no more than 2–5%, so fixed-price contracts are very risky.
I have to admit I thought construction margins were higher. But when you consider the scale of the projects and the turnover involved, even 2% is serious money.Large construction companies dream of making 5% profit a year, most would snatch your hand off for a consistent 2%.
I have to admit I thought construction margins were higher. But when you consider the scale of the projects and the turnover involved, even 2% is serious money.
True, it’s not exactly energy or tech money.It’s not serious money. As an investor you’d be as well putting your money in a post office savings account - you’d earn more money and wouldn’t have to do any work….
Fixed price contracts are not necessarily all risk but generally based on pre contract drawings and specifications and known ground conditions & any changes or additions are covered by variation orders produced by the architect and paid to the main contractor accordingly in the monthly valuations . But yes margins in construction/ civil engineering are always tight due to the competition to gain workI’ve read that margins on large arena projects are typically no more than 2–5%, so fixed-price contracts are very risky.
If that was the case nothing would ever get developed. If the appraisal doesn't show at least 15% profit on GDV they will claim it it isn't viable for standard developments.It’s not serious money. As an investor you’d be as well putting your money in a post office savings account - you’d earn more money and wouldn’t have to do any work….
Even if they've (presumably) signed legally binding contracts? I'm assuming they're copping in for a serious amount of money for this project. You're saying that they can wriggle off the hook of these "LADS"?
Rags have no self respect , suspect they would happily travel in from Dublin/London/Sussex/wherever and stay at the Medlock and post a picture of themselves in a knock-off rag shirt giving it the big oneI appreciate no self respecting Rag would ever stay at the Medlock Hotel. But this weekend and last weekend shows why the Medlock Jotel will be a success.
This weekend is the Brit Awards, United are at home, City could have been at home, the Vaccines are playing at the Victoria Warehouse, the Foo Fighters are playing at the Ritz, and there are a host of other concerts and events across the city centre this weekend.
Hotel rooms for Saturday night are ranging from £200+ to over £400+.
Just back from a wet Etihad, didn't realise how much it was raining till I zoomed in on the new seats. Video here have a good weekend everyone
Could someone explain to me the rationale behind the black seats in a sea of pale blue ??Sky Bar seatings going in.
Thought they might go with the dark coloured ones like with the tunnel club…
Could someone explain to me the rationale behind the black seats in a sea of pale blue ??
It is taking a very long time to put the seats in at the top and bottom of the stand.
Even longer for any signs of the Sky Walk, has it been shelved?It is taking a very long time to put the seats in at the top and bottom of the stand.
Off topic but a bit of crane porn for @jrb ;)
The Les alizés crane vessel is offshore from Edinburgh at the moment along with a separate specialised ship with 3 offshore wind farm bases awaiting installation somewhere. That crane is absolutely huge (massive even) and towers over the city from the north shore.
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Les Alizés Getting Ready for Ørsted’s German Offshore Wind Farms
Jan De Nul’s next-generation floating offshore installation vessel, Les Alizés, is getting ready for its first assignment which is to transport and install monopile foundations and an offshore substation topside at Ørsted’s offshore wind farms in Germany. The vessel’s delivery took place some...www.offshorewind.biz

Agreed! Not exactly pushing on are they?