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In all, 317 companies were listed as securing new work during the month by the Builders鈥� Conference, which maintains the BCLive league, but only seven of them won any contracts valued at more than 拢100m.
The total number of contracts awarded in February 2017 was 554 and the total value of these contracts was 拢4,298.0m. By comparison, in February 2015 the BCLive league table recorded 818 individual contracts with a combined value of 拢4,193m and in 2016 there were 804 contracts worth a combined 拢3,873m. The value of the work is up this year, but the number of projects is substantially down.
Multiplex won the contract to build the residential twin towers of One Nine Elms after both Interserve and Balfour Beatty had been preferred but failed to close a deal with Chinese client Dalian Wanda.
In second place to Multiplex in the table was Kier Group with a haul of 11 contracts worth a combined 拢254.9m.聽聽 The largest of these is a 拢200m project for offices in Liverpool.
A 拢150m contract for fitting out offices in Shoe Lane, London, contributed to a 拢239m total for ISG that propelled it into third place.聽
Morgan Sindall usually has the most contract wins in any given month, but in February ISG won 15, against Morgan Sindall鈥檚 14. Morgan Sindall鈥檚 largest was an 拢85m contract for its Overbury division, securing the company the number four spot on the BCLive league table.
鈥淲e started the month with high hopes of another bounce-back in new construction orders,鈥� said Builders鈥� Conference chief executive Neil Edwards. 鈥淚t didn鈥檛 arrive.鈥�
He added: 鈥淔or those of us that have read about the UK economy being the fastest-growing in Europe, the fact that this has largely failed to be reflected in construction demand is as frustrating as it is mystifying.聽聽 While other parts of industry are enjoying the 鈥榖enefits鈥� of a weaker pound, the normally reliable barometer of UK economic sentiment remains fixed in place registering only average demand and average activity.鈥�
February's Top 20聽 (click on image to enlarge)
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