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PBC Wins Exciting North London Redevelopment Project

Posted on July 26th, 2021 by liz

PBC’s proven track record and experience in delivering complex cut and carve refurbishment schemes has secured the instruction from Atlas Property Letting & Services Ltd for its prestigious refurbishment and new build project on Pentonville Road and Kings Cross Road in North London.

The joint offering of PBC’S Project Management and Cost Consultancy teams will add value both to the project and client, with PBC appointed to provide Project Management, Employer’s Agent and Contract Administration services for this exciting scheme.

The 30,914 sq. ft. refurbishment, and part new build CAT A project, will include the partial demolition of 233-239 Pentonville Road and 241-243 Pentonville Road, and the internal walls and ground floor rear elevation of 172-176 King’s Cross Road, retaining only their primary and some secondary façades. This will provide refurbished office space on newly connected floorplates, including a new basement level and additional roof storeys on both Pentonville Road properties, creating one six-storey and another four-storey building.

Three previous planning applications had been rejected on the project, as the properties are adjacent to a Listed church. The site is also flanked on both sides by a double red route, which creates logistical challenges, and the works to create the new basement are immediately above existing Thames Water and Transport for London assets.

The scheme is due for completion in Q2 2024, so we will post regular updates throughout this exciting and challenging project.

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PBC’s Project Management Team Announces Two New Appointments

Posted on July 26th, 2021 by liz

PBC is delighted to announce the appointment of two new additions to its Project Management team.

Senior Project Manager Tamsin Parker holds a wealth of experience in the refurbishment and fit-out of commercial offices. Her particular strengths focus on project delivery through all stages of the project lifecycle including feasibility, brief, design, procurement, construction and handover. Tamsin has gained experience successfully delivering a variety of projects within the private sector for global corporations where she has built a successful track record, as well as significant experience managing multi-disciplinary project teams and key client stakeholders where she adds value in her ability to build and maintain relationships. Her willingness to listen, collaborate and provide workable solutions ensures successful delivery of her projects.

Assistant Project Manager Harleen Lyall has over 6 years’ experience working in Project and Programme Management and has worked with clients both in the public and private sector. She has experience across a range of small to large projects, and has successfully delivered residential, retail and workplace fit-outs. Harleen also has robust knowledge of project governance such as dashboard reporting, change control and risk management.

Commenting on the new appointments, Director of Project Management Glenn Wright said: “PBC’s Project Management portfolio is continuing to grow, with a number of high-profile, blue-chip projects in the pipeline across a number of sectors. Tamsin and Harleen are therefore joining us at a very exciting and busy time, and I am delighted to welcome them to the team.”

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PBC Lead Times Review

Posted on June 8th, 2021 by liz

Materials:
The increase in construction activity, and the shortage of key materials, has led to an increase in costs from 2020 – 2021.

The ONS reports a change year on year on general material prices from April 2020 to April 2021 of 8.4% across all work sectors. BCIS report the general material price change at 2.8% to Q1 with their forecast being out at 5.2% year on year by Q4 2021, with the increase peaking in Q3 at 6.4%.

There will continue to be fluctuations in individual materials listed above and this will be reflected in pricing of new work as well as existing projects where contractors are seeking to recover material price increases from projects previously tendered and procured, as the actual cost from their supply chain is pushed up the line.

Based on the above, we would recommend a materials price inflation uplift be applied to cost plans or future works costs at between 2% – 4% depending on the anticipated start on site date.

Tender Prices:
Through 2020 and the worst of the Covid pandemic tender prices fell year on year to -2.1% at Q1 2021. The outlook however for the rest of 2021 and beyond sees a recovery in activity and in turn a rise in tender prices is forecast.

Currently BCIS TPI forecast shows an increase year on year to 2.4% by Q4 2021 rising from -1.8% in Q2 to 0.6% in Q3. Other industry indices are less bullish with their forecasts which range from 0% to Q4 2021 (Arcadis); 0.8% to Q4 2021 (Aecom) and 0.5% to Q4 2021 (G&T).

Noting the increases in materials, construction sector activity and contractors requesting cost increases on paused or current live projects, we would forecast a tender inflation of around 2% for the year, which should again be factored in to cost plans or estimates with a Q4 start date or beyond.

For more information, or to discuss how PBC’s Cost Consultancy team can assist your project, contact Chris Jones, Director of Cost Consultancy, on M +44 (0)7552 242 311 T +44 (0)20 3478 0631 E: cjones@pandbc.co.uk

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PBC Materials Cost and Delivery Lead Times Commentary

Posted on June 8th, 2021 by liz

MATERIALS DELIVERY LEAD TIMES