Three years after selling its house-building business to Bovis Homes to concentrate on construction contracting, Galliford is getting back into housing partnerships.
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Galliford Try poaches HS2 JV boss
Simon Courtney (l) and David Lowery (r)
Galliford Try has announced it has poached David Lowery, executive director of the Eiffage / Kier / Ferrovial / Bam JV working on HS2, to a new key role.
Lowery has been announced as the firm’s infrastructure business operations director and will have responsibility for its relationship with Highways England.
Construction News revealed last year that Galliford Try Infrastructure was the 13th biggest supplier to Highways England in the 2019/20 financial year with a spend of £52m. The Costain / Galliford Try smart motorway joint venture was the seventh biggest construction firm working for the roads body, with £112m of spend in the year.
In our second major analysis of industry payment-practice reports,
Megan Kelly delves into the government data to identify the best and worst payers in the sector. We also look beyond the headline figures to uncover the often complex reasons why some companies appear able to settle their debts more swiftly than others
Slow payment has long plagued construction. It comes as no surprise to learn that, in 2020, amid a global pandemic, a national shutdown, and with many companies struggling for cash, poor payment practices have again come to the fore.
According to
Construction News’s latest analysis of government payment data, most of which was collected after the first lockdown was enforced in March 2020, many must still wait well beyond 30 days to receive payment. Adding to cashflow challenges, nearly a third of all payments breached agreed terms, typically meaning a commitment to pay by some other deadline beyond 30 days was also missed.