Balfour sets-up “New Normal” Covid-19 taskforce

Grant Prior 5 years ago
Share

Balfour Beatty has set up a New Normal Taskforce to come up with innovations for working in a post-Covid construction world.

The group has already come up with more than 450 ideas after asking employees for their suggestions.

The ideas are being taken forward for implementation under four strategic themes (working environment, new markets and capability, digital enhancement and rapid return to work) and will be incorporated to “deliver operational and financial efficiencies.”

In a trading update today Balfour said the key driver of performance for the rest of the year will be “improving current productivity, which will depend on the availability of employees, subcontractors and materials, whilst maintaining social distancing rules and ensuring satisfactory contractual resolution on projects impacted by Covid-19″.

Balfour has kept most of its construction sites open during the pandemic with 78% of sites open in April and 83% in May.

Of those open sites in May 17% experienced significant disruption due to the availability of employees, subcontractors or materials.

Balfour has seen its order book boosted by £3bn of HS2 contracts and it now stands at £17.4bn from £14.3bn in April 2019.

The company has £452m of net cash while “cash discipline remains the group’s principal financial priority at this time.”

Leo Quinn, Group Chief Executive, said: These remain challenging and uncertain times. Our priority will always be the safety and health of all our employees, customers, partners and the public.

“Build to Last has made Balfour Beatty a resilient organisation with a high-quality order book and a strong balance sheet.

“As we navigate the Group through this exceptional year, we will maintain our focus on the longer term to ensure we are ready to capitalise fully on the significant opportunities in our chosen markets.”    

Latest news

80 energy projects unlocked as Ofgem backs grid expansion

£24bn energy networks deal gets green light from regulator
9 hours ago

Pinewood submits £1bn data centre plan

Studio giant adds green and learning spaces to tech hub blueprint
10 hours ago

Record results after TClarke goes private

Britain's biggest M&E contractor flourishes after de-listing
10 hours ago

Dalkia lands £200m nuclear maintenance deal

1,000 nuclear FM staff to join M&E contractor
10 hours ago

Construction comeback to outpace wider economy

Arcadis forecast fueled by spending review optimism
1 day ago

First steel goes up on giant car battery site

Severfield gets to work on McAlpine Somerset site
1 day ago

Permasteelisa wins cladding deal on Bovis city tower

Facade specialist lands package at 60 Gracechurch Street
10 hours ago

Fox buys recycled asphalt specialist Fisher

Acquisition adds major recycled asphalt capacity in north west
1 day ago

Major Building Safety Regulator shake-up to end tower delays

HSE stripped of control and top fire chiefs brought in to fast-track stalled schemes
1 day ago

Hinkley trio sign Sizewell civils deal

Balfour,Bouygues and Laing O'Rourke form Civil Works Alliance for new power station
1 day ago

£3.9bn data centre plan for Ravenscraig steelworks

Green energy to power massive new steel to silicon AI campus
1 day ago

Breakthrough on HS2’s second longest tunnel

8.4 mile Northolt to Old Oak Common drive completes
1 day ago

Neilcott on fast-track to debt-free employee ownership

£22.5m loan nearly paid down after big profit year
1 day ago

TfL kicks off race for £700m Tube station upgrade

South Kensington and Elephant & Castle top the pipeline list
1 day ago

Corbyn Plant Hire fleet goes under the hammer

Kit to be sold off by sister firm to collapsed groundworks contractor
1 day ago

Government wields procurement stick on late payment

New rules would block slow payers from bidding on big public jobs
4 days ago

Hercules buys power line labour firm for £15.7m

Labour supply specialist snaps up Advantage NRG to tap booming electricity upgrade market
4 days ago

Universal bid to fast-track planning for theme park

Entertainment giant eyes 2026 start at Bedford site
4 days ago

Developer Breck to transform former Ibstock brick factory

Ravenhead works to become 300-home development
4 days ago

SP Energy Networks awards contracts worth £1.4bn

First round of awards under £5.4bn national electricity grid upgrade programme
5 days ago

Travelodge to convert Liverpool Street office building

Office-to-hotel conversion in City of London
4 days ago

Plans lodged for 1m sq ft City of London office

Barbican landmark building will reuse 40% of existing structure
5 days ago

PTSG acquires roofing specialist HD Sharman Group

Premier Technical Services Group expands building maintenance division
4 days ago

Balfour Beatty lands £833m carbon capture power plant job

Work to start later this year on Teesside carbon capture gas-fired power station
5 days ago

Svella agrees deal to save Cubby Construction

Solvent purchase set to save 214 jobs and protect supply chain
5 days ago

J Coffey holds line on margins despite £52m revenue slide

Pre-tax profit down 14% but firm eyes strong pipeline to bounce back
5 days ago

Consultants called up for £2.3bn NHS SBS panel reboot

Market asked for views ahead of next-gen procurement rollout
5 days ago

Hochtief launches new UK data centre division

German business model to be introduced for UK construction
6 days ago

Construction skills body launches with 100,000 worker target

Industry to work closer with Jobcentres to find new talent
5 days ago

Kier lands £42m Midlothian school and community hub

Contractor strengthens presence in Scotland with big education job
5 days ago