An Even Keel
In a month that saw both Brexit and a Donald Trump presidency become a stark reality, the BCLive league table’s return to something approaching normality is a blessed relief. The Builders’ Conference CEO Neil Edwards reports.
With new contract awards on the BCLive league table narrowly passing the £4 billion mark, January 2017 felt less like a new dawn and more like history repeating. That figure is almost exactly the same as January 2016, and it marks a welcome return to something like normality following a year in which the troughs greatly outnumbered the peaks. Even the running year total has stabilised at £43 billion having fallen progressively by almost a quarter during 2016.
In a month that was categorised by four of the Top 10 having secured their positions with multiple contract awards, Kier Group came out on top with a haul of 14 individual contracts with a combined value of £282.4 million. The largest of these was an £85 million win for the construction of the new Arndale Centre in up-and-coming Eastbourne. That development comprises 22 retail outlets, seven restaurants, a multi-screen cinema and a car park.
In second place on the monthly countdown was Carillion plc with £215.2 million of new contracts, narrowly beating Keepmoat Group on the very last day of January. Keepmoat Group netted the greatest number of new contracts with 18 and a combined value of £214.4 million. Key among these is a £150 million contract for the refurbishment and repair of housing stock in various locations for client Northampton Partnership Homes.
Housing-related work – the month’s big money-spinner with a £1.47 billion contribution to the league table grand total – this sector helped propel Carillion into second spot. The company won a £90 million contract from Moda Living for the construction of a new 36 storey tower block comprising 450 apartments in Manchester.
Schools, the second largest sector on the January league table, took McLaren Construction up to fourth spot, the company winning a £121 million contract with Hackney Schools for the Future.
Balfour Beatty landed a £150 million order for the construction of new flats at The Madison at Marsh Wall while Morgan Sindall maintained its reputation for winning numerous contracts by, bagging 15 during the month.
There remains concern that a relatively slow pipeline of new tenders might impact upon the industry when summer rolls around. But in a month that has seen protests on both sides of the Atlantic over the new US President’s determination to keep his pre-election promises, a return to something approaching normality on the month’s BCLive league table is a blessed relief.
Quick review of BCLive table for January 2017
- 351 no companies were detailed as winning new construction orders during January 2017
- 610 no new construction orders are detailed on BCLive
- Kier Group secure overall top spot with £282.4M of new work
- Keepmoat Group secured the most number of new construction orders in the month with 18no