Hochtief bags £18m Coulsdon bypass job

Transport for London (TfL) has finally awarded a high-profile bypass scheme in south London - almost a year after five contractors sent in their bids for the project.
Hochtief has emerged triumphant from the ruck for the £18m Coulsdon bypass.
The award ends months of speculation fuelled by TfL's delay in letting the deal and centring on rumours of cash problems and the possibility of a rebid.
Sources say that Nuttall, which industry pundits were tipping to win the deal, came second in the final run-in.
The other contenders for the scheme, which was understood to have been marked 70% on price and 30% on quality, were Balfour Beatty, Costain and Skanska.
TfL also shortlisted McAlpine to pitch for the Coulsdon deal, but the contractor subsequently pulled out of the bidding process.
The client previously blamed delays in awarding the deal on "statutory procedures", such as land transfers, and problems with Network Rail.
The scheme features a bypass for Coulsdon town centre and involves a single-span box structure to allow the new 1.6km single carriageway road to pass under Smitham railway station.