Sir Robert McAlpine took the top spot this month with five contract awards totalling £561 million. A mixed development at Gateshead Quays contributed £250 million to the total.
BAM Construction and Vinci Construction were in second and third place for November 2019, with a total contract award value of £122 million and £98 million respectively. This month, the top three contractors have been awarded a combined 15 projects at a total value of £781 million. In October, the top three were awarded a total of nine projects valued at £1.4 billion.
Sat at the top of the 12-month rolling table is Galliford Try Construction with total contract award values of £1.8 billion made up of 87 projects.
The latest edition of the Top 50 League Tables published by industry analysts Barbour ABI, highlights the number and value of construction contracts awarded during November. This month shows that the combined value of contracts awarded to the Top 50 was £2.7 billion with a total of 145 projects.
The overall value of all projects awarded to the top 50 contractors is down by 39.6%. The total value in October was £4.5 billion, and in November it was £2.7 billion. The total quantity of projects also decreased by 20.3% from October to November, suggesting that the volume of projects awarded has dropped but that the value of those projects taking place has decreased more significantly.
Tom Hall, Chief Economist at Barbour ABI & AMA Research said, “November was a particularly quiet month for high value contract awards amongst the top 50 contractors. A significant drop in value from October suggests a cautious approach towards awarding big ticket projects during an uncertain period”.
Download the full report here: https://ubm.io/2WBolhM