SPURS STADIUM BUILDERS EARNING MORE THAN THE PLAYERS
The huge construction team on the £850m Spurs stadium site is reported to be costing more each week in total wages than Tottenham’s entire playing squad.
Its understood that yesterday saw a record workforce of 3,800 operatives clock-in on the project which saw its planned opening delayed this week.
Main contractor Mace is flooding the job with workers after it was confirmed it won’t be ready for the first planned Premier League game against Liverpool on September 15.
One industrial relations expert close to the project said: “You’ve got 3,800 operatives down there in two shifts and whatever overtime they want.
“There’s 600 electricians on site and thousands of other trades.
“Being conservative that’s going to rack-up at an average of at least £1,000 a week per head in labour costs.”
That would equate to a weekly site wage bill of £3.8m.
Spurs’ wage bill for players last season was £127m – or around £2.4m a week.
The huge workforce is expected to be on site for at least the next six weeks with some electricians contracted until November.
Source - Construction enquirer
FDS TO BE HELD PERSONALLY RESPONSIBLE FOR PROMPT PAYMENT
Finance directors signed up to the Prompt Payment Code (PPC) will take personal responsibility to ensure small business suppliers are paid within 30 days under new government reforms to crac ...
CALL FOR CONSISTENT BUSINESS BOUNCE BANK LOAN RECOVERY SCHEME
The body, which represents the UK debt collection and debt purchase sectors, is calling on the government to invest in a dedicated ‘BBL engagement scheme’ to advise SMEs who have taken out ...
GOVERNMENT CONFIRMS NO THREAT TO SHUT LONDON SITES
Government officials have confirmed there are no plans to shut construction sites in London amid fears over crowded tube trains in the capital Pictures of overcrowded station platforms publishe ...
THE CONSTRUCTION RECOVERY HAS GOT BACK ON TRACK RETURNING TO ITS PRE-PANDEMIC LEVEL AFTER THE RECORD 41% CLIFF FALL IN MARCH.
Latest construction output figures for November show the industry has pulled off a near V-shaped rebound led by infrastructure while commercial still lags. New work activity in November jumped 3. ...
BREXIT: NEW RULES ARE HERE
New rules apply to things like travel and doing business within Europe. Doing business with Europe has changed. You need to follow new rules on exports, imports, tariffs, data and hiring. Watch t ...
NEW BUSINESS SECRETARY TELLS CONSTRUCTION TO KEEP GOING DURING LOCKDOWN ON FIRST DAY IN ROLE
Open letter to industry from Kwasi Kwarteng acknowledges risks firms face in latest lockdown New business secretary Kwasi Kwarteng has written an open letter to the construction industry telling it ...