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Bowmer Kirkland gets nod towards £47m project
23 July, 2008Construction company Bowmer and Kirkland (B&K) are rumoured to be the favourites in the £47 million construction tender for Southampton
Construction company Bowmer and Kirkland (B&K) are rumoured to be the favourites in the £47 million construction tender for Southampton.
Beating three other firms past the first hurdle, B&K now look to be the preferred contractor in Southampton's newest building project.
Until September however, the race will not officially be declared over, but it is assumed that B&K have so far beaten Mace Plus, Galliford Try and Fitzpatrick.
The Southampton hotel build will begin in October once the final firm is decided upon, and it is hoped that the construction will be complete by the summer of 2010.
Whichever company is awarded the job however, will need to be cautious of putting in the piling for the 224 room hotel, as there are reportedly listed buildings under the ground's surface.
The Ocean Villa Marina tender is for a large hotel for Millennium Hotels and Resorts.
Last month, B&K ranked 54 in the Sunday Times Deloitte Top Track 100 list of biggest private companies in the UK.
Measured on the turnover of a company, B&K ranked 54th after hitting £819 million in the year to August 2007. Of this, the company took £34 million in profit.
Banks will be asking potential buyers of new and newly renovated properties what incentives they were offered by the housebuilders, in an attempt to understand more and more about their mortgage customers, it has been reported.
The housing correction has until now been seen as a disaster for all concerned but, with banks refusing to ease up their lending criteria owners are now finding ways to earn from the lack of buyers.
Total mortgage lending for 2008 will fall by 19.3 per cent year-on-year, it has been predicted by Datamonitor.
Homeowners in no rush to sell their homes are turning their properties over to the rental market to avoid selling at a low price during the housing correction, it has been found.
Recent research has found that the housing market is beginning to stabilise, it has been reported, as many factors connected to the buying process are now showing less symptoms of decline.