High Value Projects Boost Activity for Contract Awards in June

NEW FIGURES released by industry analysts, Barbour ABI, have revealed the Top 50 contract awards in June.

The SRP Process Facility at Sellafield, valued at £1.5 billion, was awarded the top spot, with work from: Wood Group, Doosan Babcock, KBR and Morgan Sindall Construction & Infrastructure.

Second place went to Vinci Construction, moving up fourteen places with contracts totalling £253 million.

Third place was awarded to Costain Group Plc with two contracts valued at £177 million.

The latest edition of the Top 50 League Table identifies the number and value of contracts awarded. June figures show that the combined value of contracts awarded was valued at just over £4 billion, with 125 projects totalled.

Notable contractor activity in June came from Kier. They were the busiest contractor for awards during June, with a total of 13 projects. Kier were top of the table in the previous month, however contract awards place Kier in 14th spot for June. In May Kier was awarded 12 projects at a total value of £397million, this month the 13 contract awards had a combined value of £63million, suggesting no significant change in quantity of awards, but a substantial drop in value.

Despite being a less profitable month for Kier in the rolling 12 months, this still puts them in the top position with a total of 149 projects at a total value of £1.96 billion. This closely followed by Wates Construction, with 50 projects valued at £1.72 billion.

Tom Hall, Chief Economist at Barbour ABI

Tom Hall, Chief Economist at Barbour ABI commented: “This month has been dominated by high value projects, the top three contractors won five projects between them, as opposed to last month when the top three won a total of 19 projects.

“In June we have seen an increase of 42% on May in project awards values, largely due to the SRP Process Facility at Sellafield.”

The table is as follows:

Download the full report here.

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