Probably the biggest news so far this year in the London commercial market has been that about Mace and the decision to rename the firm.

A change like that is always going to be big. But it’s big because the market right now is quiet. Probably the biggest job to get going this year – contract award accompanied by a reasonably quick start date – is JP Morgan’s revamp of a 20-year-old building over at Spitalfields.

It promises to be an almighty scrap given the size of the scheme – at £500m, these projects always are – and the fact that not many of that scale are on the blocks right now. “It will be very difficult to win,” concedes the boss of one Tier One contractor who will be bidding it.

Who knows, by the time it is awarded, likely to be this summer, Mace might have settled upon a new name.