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Fri December 04 2020

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Costain order book hits record high

5 Nov 13 Costain has now booked £3.0bn of work, which is a new all-time high for the company.

More than £700m of revenues have been secured for 2014, and approximately £2.1bn of work is set to start in 2015 and beyond.

In addition, Costain has a strong preferred bidder position of more than £400m.

In a trading update, the board said that tendering activity across target markets remained high.

More than 90% of the order book is a target cost, cost reimbursable form of contract, Costain said.

Examples of work won this year to date include:

  • An AMP6 programme for Thames Water
  • Several contracts for Crossrail including for the railway systems
  • A contract with EDF for the water cooling systems for the Hinkley Point C new nuclear power station.

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