Wikipedia

Mace (construction company)

Mace Group Ltd, commonly known as Mace, is a global consultancy and construction firm headquartered in London, United Kingdom, employing nearly 7,300 people, across five continents with a turnover of around £2 billion.[1]

Mace Group Ltd
IndustryConstruction and business services
Founded1990
HeadquartersLondon, United Kingdom (headquarters)
Number of locations
Five international hubs (London, New York City, Nairobi, Johannesburg, Hong Kong, Dubai/Doha); operates in over 70 countries.
Key people
Mark Reynolds (Group Chair and CEO)
RevenueIncrease £1,936.4 million (2022)[1]
Increase £45.4 million (2022)[1]
Decrease £22.2 million (2022)[1]
Number of employees
7,271 (2022)[1]
Websitewww.macegroup.com

History

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The company was founded by a group of construction and architecture professionals, led by Ian Macpherson, who left Bovis in 1990 hoping to bring in new and more collaborative ways of working in the traditionally combative construction industry.[2][3] One such stance it took early on was to contractually obligate its subcontractors to avoid the practice of falsely claiming staff were self-employed.[4]

During 1997, Mace achieved a major breakthrough when it bested Bovis to be appointed as the project and construction manager on British Airways' Waterside headquarters at Heathrow.[2][5] Other early construction projects undertaken by the company include the delivery of the London Eye on the South Bank and The Venetian in Macau.[6][7] The firm also involved itself in Private Finance Initiative (PFI) arrangements,[8][9] and various opportunities presented by the privatisation of British Rail.[10]

In 1998, in response to growing demand for its services, Mace reorganised itself;[11] this move had reportedly yielded favourable results within two years.[12] In 2008, the company rebranded as Mace Group to reflect its expanded service offers, which by that point spanned consultancy services and construction across the entire property life cycle.[2] Around this time, Mace was reportedly in talked with an unidentified party interested in acquiring the firm, but no such deal emerged, allegedly due to the 2007–2008 financial crisis.[13]

On several occasions, Mace has been involved in delivering record-breaking structures. In early 2009, it was appointed to deliver the fixed price The Shard tower, the tallest building in London.[14] During late 2021, Mace completed work on a landmark observation ferris wheel in Dubai, which was nearly twice as tall as the London Eye.[15]

In September 2022, Mace recorded record profits.[16] One month later, the firm, as part of a joint venture with Willmott Dixon, was selected to build a £126m urgent care centre for University Hospitals Plymouth NHS Trust; it was the partnership's first win under the NHS ProCure23 framework.[17] That same year, Mace was selected by National Highways to consult on the Stonehenge road tunnel,[18] to act a programme delivery partner on the £6.4 billion Metrolinx transit system for the Government of Ontario,[19] along with (as part of a consortium) being appointed as a delivery partner of upgrades to facilities used by US forces stationed in Britain.[20]

In 2023, the company was restructured; its offices and major projects divisions were merged into a single entity named private sector while its facilities management division was sold off via a management buyout.[21][22] That same year, it was announced that Mace intended to expand from 7,500 employees to 10,000 over the following three years, which was to largely be achieved through recruitment.[23] The company also cofounded the National Home Decarbonisation Group (NHDG) with the goal of undertaking the high-quality retrofit at scale of Britain’s housing stock.[24]

In January 2023, Mace was selected to build the second phase of a scheme to expand Manchester Airport.[25] During July 2023, the company was awarded a £160 million contract to build the next phase of the Oxford Science Park related to life sciences.[26] In October 2023, a Mace-led consortium was selected by the British government’s non-departmental Nuclear Decommissioning Authority to undertake the clean-up and remediation of 17 of the earliest nuclear powerplants in the UK.[27] Mark Reynolds, chief executive of Mace, also repeatedly criticised the British government for its mixed messages over elements of the High Speed 2 project.[28][29]

During February 2024, Mace, as part of a team with Arcadis, was awarded a programme management role on a $16 billion (£12.64 billion) project to build a new railway tunnel in New York.[30] Also that year, the Natural History Museum contracted Mace to build a new facility to house one third of the museum’s collection,[31] while the company was also selected to perform assessments work towards replacing three PFI contracts for water services across the Ministry of Defence's estate.[32]

The company has undertaken work on multiple projects overseas; its international consultancy arm has been a rapidly growing area of the business in the 2020s.[33] During 1998, the firm had partnered with the Middle East-based property developer Majid Al Futtaim Group to pursue further opportunities in the region,[34] as well as establishing separate joint ventures with the American firm O'Brien Kreitzberg and the French consultancy Scic Developpment for similar purposes.[35][36] In May 2024, Mace, under a joint venture with Systra, was selected to create an integrated transport system at a major Indian railway station.[37]

Operations

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Mace's activities involve the following:[38]

Major projects

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Major projects involving Mace have included:

References

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  1. ^ a b c d e "Annual Report and Accounts 2022" (PDF). Mace. Retrieved 19 July 2023.
  2. ^ a b c "Our Story". macegroup.com. Retrieved 22 March 2015.
  3. ^ Marshall, Jordan (15 July 2019). "Mace co-founder dies". building.co.uk.
  4. ^ COATES, JOHN (3 April 1997). "Main contractors to make compliance with the current crackdown on bogus self-employment a condition of contracts Big firms back PAYE drive". constructionnews.co.uk.
  5. ^ "20May93 UK: MACE SWINGS FOR BA". constructionnews.co.uk. 20 May 1993.
  6. ^ "The Wheel: The British Airways London Eye". ingenia.org.uk. November 2000.
  7. ^ "The Venetian Hotel and Resort, Macau". Mace Group. Retrieved 7 July 2024.
  8. ^ WARNER, BRIAN (9 November 1995). "Treasury bid list whittled down to two contenders". constructionnews.co.uk.
  9. ^ "Mace PFI triumph". constructionnews.co.uk. 26 November 1998.
  10. ^ "On board at Mace". constructionnews.co.uk. 30 April 1998.
  11. ^ "Mace restructure". constructionnews.co.uk. 1 October 1998.
  12. ^ "Integration pays off for Mace on overseas stage". constructionnews.co.uk. 10 June 1999.
  13. ^ Bill, Tom (27 June 2008). "Revealed: credit crunch wrecked £100m Mace sale". building.co.uk.
  14. ^ Hayman, Allister (3 August 2012). "The Man Who Scaled The Shard". building.co.uk.
  15. ^ Dunton, Jim (5 October 2021). "Mace completes work on record-breaking Dubai Ferris wheel". building.co.uk.
  16. ^ Rogers, Dave (28 September 2022). "Booming consulting arm sees Mace hit record profit". building.co.uk.
  17. ^ Gayne, Daniel (12 October 2022). "Mace and Willmott Dixon alliance seals first win on NHS framework". building.co.uk.
  18. ^ Rogers, Dave (16 June 2022). "Mace wins cost consult role on two road jobs worth close to £2bn". building.co.uk.
  19. ^ Rogers, Dave (2 March 2022). "Mace team wins programme delivery role on Canadian metro scheme". building.co.uk.
  20. ^ Marshall, Jordan (12 January 2022). "Mace, T&T and Atkins land work to upgrade UK bases used by US military". building.co.uk.
  21. ^ Rogers, Dave (16 October 2023). "Mace to restructure office and major projects businesses into one division". building.co.uk.
  22. ^ Gayne, Daniel (2 November 2023). "Mace to focus on construction and consultancy work after sale of FM business". building.co.uk.
  23. ^ Rogers, Dave (18 July 2023). "Mace set to be 10,000-strong business by 2026". building.co.uk.
  24. ^ Gayne, Daniel (25 May 2023). "Mace and Vinci among founders of new national retrofit group". building.co.uk.
  25. ^ Lowe, Tom (26 January 2023). "Mace lands job to build £440m second phase of Manchester Airport expansion". building.co.uk.
  26. ^ Rogers, Dave (5 July 2023). "Mace lands £160m Oxford Science Park deal". building.co.uk.
  27. ^ Battersby, Matilda (13 October 2023). "Mace leads team to remediate 17 nuclear power sites". building.co.uk.
  28. ^ Rogers, Dave (17 July 2023). "Mace boss rips into 'absolutely shameful' decision to mothball HS2 Euston". building.co.uk.
  29. ^ Weinfass, Ian (20 December 2023). "HS2 Euston: Mace says new proposals have been ignored". constructionnews.co.uk.
  30. ^ "Mace JV to manage $16bn New York tunnel project". theconstructionindex.co.uk. 29 February 2024.
  31. ^ Lowe, Tom (14 March 2024). "Mace gets green light to work on £90m Natural History Museum job". building.co.uk.
  32. ^ Hashtrudi, Ariana (3 April 2024). "Mace wins procurement role on work to replace PFI water jobs for MoD". building.co.uk.
  33. ^ Rogers, Dave (13 February 2023). "Mace expecting consulting arm to hit 7,000 staff to keep up with overseas work boom". building.co.uk.
  34. ^ "Mace partnership". constructionnews.co.uk. 10 September 1998.
  35. ^ "In Brief OK for Mace". constructionnews.co.uk. 3 December 1998.
  36. ^ "In Brief Mace alliance". constructionnews.co.uk. 29 July 1999.
  37. ^ Hashtrudi, Ariana (21 May 2024). "Mace team wins job to upgrade railways station in India". building.co.uk.
  38. ^ "Additional Services (A-Z)". macegroup.com. Retrieved 22 March 2015.
  39. ^ "London Eye project manager leaves Mace". Building. 8 March 2002. Retrieved 19 December 2017.
  40. ^ "Venetian Macau Hotel Tower". The Skyscraper Center. Retrieved 19 December 2017.
  41. ^ "In Pictures: Mace hopes Thames cable car will lead to more TfL work". Construction News. 28 June 2012. Retrieved 20 December 2017.
  42. ^ "The Shard". The Skyscraper Center. Retrieved 19 December 2017.
  43. ^ "New Spurs stadium construction partner contract goes to Mace". Construction News. 21 November 2015. Retrieved 19 December 2017.
  44. ^ Rogers, Dave. "Industry races to complete NHS Nightingale hospital in record time". Building. Retrieved 27 January 2021.
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