Battersea Power Station helps train London’s next generation of construction workers

Battersea Power Station | August 28, 2019

Hundreds of construction trainees in London are gaining entry into the construction industry thanks to an onsite training hub at Battersea Power Station which is run by Wandsworth Council’s Work Match team and funded by the Construction Skills Fund. The hub was awarded £500,000 through the CSF in October 2018, and is coordinating its training scheme with support from the Construction Industry Training Board (CITB). Construction partners helping to deliver the scheme include Mace and Sir Robert McAlpine, as well as Taylor Wimpey that is enabling scaffolding training on a nearby site.

Spotlight

An engineer's work is based around identifying problems and then innovating solutions. Engineers build a better future by applying their skills to everything from mobile phones to medicines, submarines and aircraft. Globally, BAE Systems employs engineers from a vast range of disciplines, including electrical, manufacturing, mechanical, software and systems engineering.

Spotlight

An engineer's work is based around identifying problems and then innovating solutions. Engineers build a better future by applying their skills to everything from mobile phones to medicines, submarines and aircraft. Globally, BAE Systems employs engineers from a vast range of disciplines, including electrical, manufacturing, mechanical, software and systems engineering.

Related News

MARKET

Marketing’s role in the construction industry’s post-Covid recovery

PBC Today | October 26, 2020

James Ellis, chair of the Chartered Institute of Marketing’s Construction Industry Group (CIMCIG), discusses the vital role marketers can play in helping the UK construction industry get back on its feet. Construction underpins both our economy and our society, contributing just under £29.5bn to the UK in Q1 of 2020. This is equal to 6% of total UK economic output. But due to Covid-19, the construction sector has suffered heavy losses due to supply chain disruption, a marked decline in output and a reduction in new order volumes. While construction activity has been allowed to continue throughout lockdown, many contractors temporarily shut down to undertake risk assessments, review on-site operations and implement new measures. As a result, total construction output plummeted by 45.2% in April 2020, according to figures from the ONS, but it would be a misstep to save on marketing efforts now. Looking at 600 companies from 1980 to 1985, McGraw-Hill Research found those which maintained or increased their marketing spend during the 1981 recession enjoyed sales 256% higher than those that didn’t by 1985. Kantar also estimates that brands who decide to ‘go dark’ until the storm passes in a bid to save costs will likely see a 39% reduction in brand awareness.

Read More

ENGINEERING TECH

Ouellet Partners with BIMsmith to Launch New BIM Tools for Architects and Engineers

Ouellet | January 17, 2022

Ouellet Canada Inc., an international manufacturer and distributor of electric heating products, has announced a partnership with BIMsmith, the leading product research platform for building professionals, for the development of new Building Information Modeling (BIM) tools for architects, engineers, and other construction professionals. The partnership involves the creation of data-rich digital models of Ouellet products that integrate seamlessly with BIM design workflows used by building professionals globally. Each product model contains key data to represent geometric, electrical, and performance capabilities of each product, streamlining design workflows and providing building professionals with key data early in the design process. Each product model is designed to integrate natively with Autodesk Revit, the leading architectural design software worldwide. The partnership also involves the publishing of Ouellet products on BIMsmith Market, the leading cloud platform used by architects and engineers to conduct building product research, placing Ouellet in front of a global audience of building design professionals. "For more than half a century, Ouellet has prioritized the continued success of its customers and stakeholders wherever possible,Our new BIM tools are yet another way that we can support not just architects and engineers, but every contributor throughout the entire building design process." -Owen Suchar, US National Sales Manager at Ouellet Ouellet provides architects and other building professionals with a tremendous depth of product and industry expertise," said Benjamin Glunz, CEO at BIMsmith. "We are excited to partner with Ouellet to help expand their support of architecture and engineering professionals everywhere. About Ouellet Ouellet Canada, headquartered in l'Islet on the south shore of the St. Lawrence River in Quebec, designs, manufactures, distributes, and markets standard, custom-made, and distinctive electric heating products. Learn more about Ouellet Canada at www.ouellet.com. About BIMsmith BIMsmith®, the leading cloud-based building product discovery and selection platform, cultivates global business-to-business relationships between building industry professionals and building product manufacturers. Through direct integration of real product data into the BIM workflow, BIMsmith continues to shape the future of building science technology, placing its clients at the forefront of BIM innovation while addressing the true needs of industry professionals.

Read More

CONSTRUCTION

Sterling Acquires Petillo, an Industry Leading Specialty Site Development Company

Sterling | January 06, 2022

Sterling Construction Company, Inc. (NasdaqGS: STRL) (“Sterling” or “the Company”) entered into a Stock Purchase Agreement and closed on the acquisition of Petillo Incorporated and its related operating entities (collectively “Petillo”), on December 30, 2021. Petillo is a leading specialty site development solution provider in the Northeast and Mid-Atlantic. Founded in 1994 by owner and CEO Michael Petillo, Petillo has seen compound revenue growth from 2017 to 2021 of 29% through continued expansion of its geographic footprint “We are excited to welcome the Petillo team, its culture and capabilities into our E-infrastructure solutions sector,Their entrepreneurial spirit focused on delivering customer-centric solutions coupled with their geographic footprint will enable us to service our key blue-chip e-commerce customers up and down the entire East Coast with even more offerings than we had before. Petillo’s capabilities along with our current Plateau capabilities will not only create one of the largest specialty site development companies in the U.S. but will also add broader capabilities and service offerings to both end markets.” -Joe Cutillo, Sterling’s Chief Executive Officer The aggregate consideration of $195 million paid on the Closing Date (the “Base Purchase Price”) consisted of $175 million of cash and 759,447 shares of Sterling common shares valued at $20 million. Additionally, under the purchase agreement, upon the satisfaction of achieving the specified annual operating income growth thresholds, and certain other conditions, the sellers are entitled to earn-out payments not to exceed $20 million over the next five years. The Company also entered into a five-year employment agreement with Michael Petillo, which provides for five equal annual retention payments totaling $15 million. Effective December 29, 2021, Sterling entered into a Third Amendment to it’s Credit Agreement (the “Amendment”) which, among other provisions, increased the Company’s Existing Term Loans through a new incremental $140 million term loan with the same maturity as the Existing Term Loans to fund a portion of the Petillo acquisition. The Amendment was led by BMO Capital Markets Corp, as Joint Lead Arranger and Joint Book Runner, and BMO Harris Bank N.A., as Administrative Agent. The balance of the Base Purchase Price, together with acquisition related costs, was funded from Sterling’s cash balance. Stifel served as exclusive financial advisor and Jones Walker LLP served as legal advisor to Sterling on this transaction. About Sterling Sterling Construction Company, Inc. operates through a variety of subsidiaries within three segments specializing in Heavy Civil, Specialty Services and Residential projects in the United States (the “U.S.”), primarily across the southern U.S., the Rocky Mountain States, California and Hawaii, as well as other areas with strategic construction opportunities. Heavy Civil includes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater and storm drainage systems. Specialty Services projects include site development activities, foundations for multi-family homes, parking structures and other commercial concrete projects. Residential projects include concrete foundations for single-family homes. From strategy to operations, we are committed to sustainability by operating responsibly to safeguard and improve society’s quality of life. Caring for our people and communities, our customers and our investors – that is The Sterling Way., customer base and service offerings. Petillo’s 2021 revenues and income from operations are expected to be approximately $212 million and $29 million, respectively.

Read More