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CJ 10 years ago:
00:00 22 Sep 1994
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l Two subcontractor umbrella bodies - CASEC and FASS - hailed the
Federation of Civil Engineering Contractors' revised form of
sub-contract as 'an historic occasion'. The most important change
in the new contract was the abandonment of 'pay when paid'
provisions.
l Wimpey embarked on a major shake-up of its UK construction operations - an insider told CJ that the company had always had too many people looking over other people's shoulders. A turnover of œ1.4 billion had generated a disappointing profit of just œ15 million.
l Richard Adamson, chairman of Newcastle-based housebuilder William Leech, was heaved out of office just weeks after staving off a œ21 million takeover bid by C H Beazer.
l Wimpey embarked on a major shake-up of its UK construction operations - an insider told CJ that the company had always had too many people looking over other people's shoulders. A turnover of œ1.4 billion had generated a disappointing profit of just œ15 million.
l Richard Adamson, chairman of Newcastle-based housebuilder William Leech, was heaved out of office just weeks after staving off a œ21 million takeover bid by C H Beazer.
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