For October, there have been six new entrants to the Top 50 Contractor League in the first ten spots, shaped by four project awards all over £150 million.
Fluor Limited took the top spot following the contract award for the £800 million Fawley Refinery upgrade works, and Fileturn Limited came in third place largely thanks to their involvement in the £270 million London Hilton, Park Lane development and refurbishment project.
In other notable activity, McLaren Construction were awarded a contract worth £190 million for the redevelopment of 101 Cleveland Street in Westminster, and Costain Group were awarded the £161 million Preston Western New Road connecting the M55 to Preston’s docklands. The other two new entrants to the top 10 were McAleer & Rushe and Wates Construction.
The latest edition of the Top 50 League Tables, just published by industry analysts Barbour ABI, highlights the number and value of construction contracts awarded during October. This month shows that the combined value of contracts awarded to the Top 50 was £4.4 billion with a total of 182 projects. The upwards trend in activity for these contractors has pushed a few of the larger contractors out of the top 10 and into lower positions including Galliford Try, Vinci Construction and Mace Limited.
Tom Hall, Chief Economist at Barbour ABI & AMA Research, said, “October’s Brexit uncertainty failed to dampen contract awards activity, which remained strong, increasing from September. The major projects were different from the usual mix, such as the Fawley Refinery upgrade project, giving specialist construction companies an opportunity to break into the Top 50 this month”.
Download the report at: https://ubm.io/2WBolhM
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