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Fri September 18 2020

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Contracts league tops £5bn in September

2 Oct 14 The Builders’ Conference BCLive contracts league table entered uncharted waters in September as the monthly total smashed through the £5 billion mark.

The final total of £5,713m of new construction contracts signed off during the month was 46% up on the previous month with roughly the same number of contracts recorded.  

Year-on-year, the total value of contracts signed in September 2014 was double that in September 2013, while the number of contracts was up 15%.

Every company in September’s Top 10 landed £100m-worth of contracts – “something we haven’t seen for many a year,” said Builders’ Conference chief executive Neil Edwards.

Top of the table was Lend Lease. It finalised the £750m contract for the mixed use development of part of the Battersea Power Station site and then followed up with a £150m new-build deal with Great Portland Estates for a mixed use development in Rathbone Place in London’s West End.

A £745m contract win for the Connect Roads consortium, comprising Balfour Beatty, Carillion and Galliford Try, for the construction of a new ring road in Aberdeenshire helped redress the north-south divide and give Connect Roads second spot in the monthly league table.

In third was Mace, with a £400m housing and offices new-build contract at Wood Lane in London’s White City.

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