Bellway launches two-year cost saving push

Bellway

October 16, 2019 – Volume house builder Bellway has launched a two-year cost-saving plan to combat upward pressure on build costs.

Head of procurement Adrian Hill, who joined Bellway from Persimmon last year, is leading the efficiency drive throughout its operations.

The BWY2020 initiative is designed to generate cost savings, maintain quality and improve efficiencies by sharing best practice across the business.

It comes as Bellway warned underlying margins would fall from around 21% in the face of rising costs and falling house prices.

The efficiency push comes after Bellway launched its Artisan Collection house type, which is aimed at cost-saving through greater standardisation.

The new design is being rolled out with house types from the range now plotted on 97 developments, with the first due to complete this month at a site in King’s Norton, Birmingham.

The firm has also recently opened a new Eastern Counties and London Partnerships divisions helping to lift capacity to around 13,000 homes.

Over its financial year to end July, Bellway raised completions 5.7% to 10,892 homes. Of these social completions rose by a fifth to 2,450.

This helped to deliver record results with housing revenue up 8% to £3.2bn, generating a pre-tax profit uplift of 3% to £663m.

Over the year, the workforce increased by around 6% to almost 3,000 staff, with over 30,000 supply chain jobs supported.

Source:_https://www.constructionenquirer.com/2019/10/15/bellway-launches-two-year-cost-saving-push/

0 Comments

Leave a Comment

Login

Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password

Register