Barratt Redrow £1bn safety upgrade works shift up a gear

The home builder stated this morning it’s urgent forward at tempo, shifting decisively from investigation to supply.

Its constructing security provision fell to £829m on the half 12 months after £73m was spent on remediation within the six months to December. Crucially, no new points emerged that required an uplift within the total estimate.

Barratt Redrow has now recognized 280 buildings in its lively constructing security portfolio. Of those, 194 are at tender stage, mobilising or already on website — underlining the size of stay exercise now beneath means.

Round 95% of the lively portfolio has been assessed beneath Fireplace Danger Evaluation of Exterior Partitions steerage and could have an applicable PAS 9980 evaluation in place.

Separate from cladding and façade points, the builder is carrying a £187m provision for bolstered concrete body remediation.

Spend on concrete body works was restricted to £4.4m within the interval, with heavier prices anticipated to land in FY27 and FY28 as soon as detailed structural modelling and non-linear evaluation is accomplished.

The bolstered concrete body portfolio covers 165 buildings. Of those, 76 require no remediation, 17 have been accomplished, 21 stay beneath overview and 51 are progressing by means of numerous phases of remediation.