Hinkley C: do contractor changes signal problems?

” … On 21st August 2017, Balfour Beatty announced that it had now been awarded that very contract from under Costain’s nose.

Today Costain chief executive Andrew Wyllie said this on the matter: “Costain continues to undertake a number of enabling works contracts at Hinkley Point C. However, the group will cease its involvement in the marine works contract at Hinkley Point C following completion of a further circa £20m of existing obligations, anticipated to be concluded by the end of December 2017. Since Costain announced its initial appointment in October 2013, there was a significant delay in the approval for Hinkley Point C. While Costain has worked closely with EDF through the £40m of early contractor involvement phase to date, it was not possible to reach agreement on the final terms and conditions for the overall completion of the works.”

Mr Wyllie said that the company was still committed to, and involved in, the nuclear sector. “Costain remains involved in the planned UK new nuclear power plants and has started to develop opportunities in the small modular reactors market,” he said. “At Sellafield the Evaporator D contract is near completion and we have fully mobilised our team in support of the Decommissioning Delivery Partnership Framework. We have recently been awarded a major construction and programme management contract for AWE in the development of one of its nuclear facilities.”

http://www.theconstructionindex.co.uk/news/view/costain-explains-loss-of-hinkley-point-contract

and it seems workers at the site prefer to rent cheaply rather than buy in the area – not a sign of confidence:

“… workers on site at Hinkley seemed to be looking to rent as cheaply as possible, with many of them even travelling home on weekends.

… The people working on Hinkley at the moment are mainly construction workers and they are mainly opting to rent rather than buy,” Mr Zorab said.

“This has pushed up prices for buy to let properties but house prices in general have not been affected in a major way yet.”

He said the majority of the people who would be on site in the long term had not arrived yet, and expected a more noticeable increase when they started to arrive in year three of the project.”

http://www.somersetcountygazette.co.uk/news/15435410.What_impact_is_Hinkley_C_having_on_West_Somerset_s_housing_market_/

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