CategoryUncategorised

Construction talent hard to find

Employers on Australian commercial construction projects are finding it difficult to secure top talent due to increased demand, according to recruitment firm Hays. Simon Bristow, senior regional director of recruitment specialist Hays Construction, said a recent slowdown in the residential sector and growth in infrastructure and commercial projects meant there was an imbalance of supply and...

Construction projects face financing constraints

Vendors face difficulties executing construction projects, leading to increased risk, additional liabilities, and problems with third parties, according to risk experts. Warren Black, Engineer and Risk Professional at risk firm Complexus, says vendors face challenges in the current market. “Many vendors are forced to go into joint ventures because they can’t afford to execute the contract...

Case study: Opal Tower

What: Opal Tower is a residential tower block in Sydney, Australia. The building has 392 apartments housing over 3,000 people. The tower block was completed in August 2018 and built over 36 floors. Where: Sydney’s Olympic Park suburb. Cost: The building cost developer Ecove an estimated $165 million (Australian Dollars) to construct. Flats at Opal Tower cost between $800,000 to $2.5 million each...

Case study: Carillion

What: London Stock Exchange-listed construction group specialising in public sector and public-private-partnership contracts. The company employed more than 43,000 people, half of those in the UK. Carillion was one of the UK’s biggest outsourcing companies. It provided 218 school meals services to British schools and 11,500 hospital beds to the National Health Service. The company also maintained...

Case study: Grenfell Tower

Grenfell Tower What: Grenfell Tower was a 24 storey block of flats in North Kensington, west London, designed and built in the 1970s for state housing occupants. The tower was completed in 1974 to provide housing in areas destroyed during the blitz in World War Two and following slum clearing in the 1960s. Grenfell was built amid a boom in mass housing and high rise apartment blocks. In a rush to...

Supply chains

Due to the complex nature of construction, supply chain management is one of the most critical risk factors to be considered by risk managers when looking at large scale construction projects. Failure to examine, understand and nullify any associated risks within the supply chain has proven time and again to have catastrophic outcomes at all stage of the construction lifestyle. In the Business...

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