WeWork bags US govt contract for providing hybrid working model

28 Aug 2021 CW Team

Office-sharing startup WeWork has bagged a US government contract to provide flexible working solutions to government employees as the surge in Covid-19 cases has forced employers to reconsider a complete return to offices.

A spokesperson for the SoftBank Group Corp-backed firm told the media that the contract, granted by the U.S. General Services Administration to WeWork and four other contractors, is for $10 million yearly and a term of five years.

The Covid-19 pandemic has marked a shift away from a conventional stand-alone workplace and towards a more hybrid work model where employees have flexible options to work from offices, co-working spaces, public places and home.

The fast-spreading Delta variant of the coronavirus and the following tightening of restrictions in some areas have increased concerns for office space providers since businesses opt for shorter leases and many employees continue to work remotely.

Earlier this month, WeWork recorded a drop in second-quarter earnings from the previous three months since the Delta variant stoked a slower-than-expected recovery for the first half of the year.

Various U.S. federal firms last month mandated masks at government buildings in Covid-19 hot spots in line with guidance issued by the White House.

WeWork in March agreed to go public through a merger with BowX Acquisition Corp, a special purpose acquisition firm, in a contract that valued it at $9 billion.

Image Source

Also read: Colive transforms co-living properties into hybrid accommodations

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..