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Contracts

Austal secures $152m in contracts.

Austal will build a ferry for the government of Trinidad & Tobago, in a deal worth approximately $97.7 million, while also announcing it had won an advanced $54.9 million order for materials to construct a transport vessel for the US Navy.

WA govt ups subbies' protection

Subcontractors WA chair Louise Stewart has welcomed the state government’s decision to expand the use of project bank accounts (PBAs) to protect subcontractors, but is pushing for the introduction of legally binding statutory trusts.

Matrix shares rise on $15.3m contract win

Shares in Matrix Composites & Engineering have jumped 16 per cent today to trade at 43 cents each, after the Henderson-based oil and gas services company announced it had won a $15.3 million contract.

Adco, EMCO win $20m in contracts

Adco Constructions has secured a contract to complete expansion works at Bunbury Regional Prison, while EMCO Building will construct a new performing arts centre at Melville Senior High School.

Cirrus wins $3m Woodside contract

Subiaco-based Cirrus Networks has won a $3 million cyber security contract with oil and gas giant Woodside Petroleum.

Decmil in $65m BHP extension

Decmil has been awarded a $65 million contract extension with BHP Group for expansion works at the Mulla Mulla village in the Pilbara.

RCR secures last-gasp funding

The administrators in charge of RCR Tomlinson have secured funding to support the engineering contractor’s operations, and disclosed that more than 180 parties have expressed interest in the planned sale of its business.

RCR collapse a classic case of overextension

The downfall of RCR Tomlinson is another reminder of the dangers of a business getting out over its skis.

Jaxon wins $10m UWA contract

Local construction company Jaxon has been awarded a $10 million contract to build a new student accommodation facility at St George’s College at the University of Western Australia.

WestStar secures second Cataby contract

WestStar Industrial subsidiary Simpec has won a $1.7 million contract at Iluka Resources’ Cataby mineral sands project, located approximately 150 kilometres north of Perth.

Landgate sale a boon for advisers

PwC has joined KPMG, BIS Oxford Economics and Investec in winning advisory work on the partial privatisation of Landgate – with each adviser securing increasingly large contracts.

Universal locks in $14m school contract

Osborne Park-based Universal Constructions has secured a $14 million state government contract to build a new primary school in Caversham.

RCR into administration

RCR Tomlinson, which grew rapidly to be one of Australia's largest engineering contractors with annual revenue of $2 billion, 3,400 staff and multiple contracts in WA, has been placed into administration after failing to secure new funding.

Zenith extends power deal to 24MW

Zenith Energy has amended its power purchase agreement with Northern Star Resources to add a further 6-megawatts to its power station at the Jundee gold mine.

NRW up on earnings update

Shares in NRW Holdings have jumped 7.14 per cent today, after the mining contractor said it expected a 45 per cent uptick in revenue for the six months to December compared with last year.

RCR hit with class action

RCR Tomlinson has been served with a shareholder class action, as the engineering contractor requested a one week extension to its suspension from the ASX while it seeks to clarify its earnings outlook and funding requirements.

Georgiou awarded NSW road contract

Perth-based Georgiou Group has won a road construction contract in NSW, with the overall project worth about $140 million.

GHD wins Claremont station contract

Engineering consultancy GHD has been awarded a $6.7 million contract to design upgrades to the rail network around Claremont train station as part of the state government’s Metronet project.

MACA JV wins $11m contract

A joint venture between MACA and Melbourne-based Coleman Rail has won an $11.1 million state government contract for road upgrades near Williams.

NRW wins $500m extension

Belmont-based NRW Holdings has secured a five-year contract extension for mining services at Stanmore Coal’s Isaac Plains East project in Queensland.

Monadelphous JV wins wind farm contract

Monadelphous joint venture Zenviron has been awarded a contract with a wind farm group in regional Victoria, while Primero has announced new contracts worth $30 million.

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