Construction News

Sun April 11 2021

Related Information

Interserve tops monthly league thanks to Nine Elms win

7 May 15 New work valued at £628.5m has put Interserve at the top of the league for contract wins in April.

It took first place on the Builders’ Conference BCLive list thanks to five wins, dominated by its £600m contract to build a new hotel at Nine Elms for the Chinese-owned Wanda Dalian group.

Mace also passed the £600m mark thanks to a half-billion-pound housing contract at the former Chelsea Barracks site.

In third place was Kier Group, with £318m of wins, comfortably ahead of fourth-placed Bouygues at £184.1m.

In total, the BCLive league table recorded 642 new contract awards in April with a combined total value of £4.99bn, well behind the £6bn won in March. Statistics suggest that March was a blip while April’s figures represent the industry’s new norm, said Builders’ Conference CEO Neil Edwards. “ This feeling is reinforced by the cumulative year’s total which currently stands at just over £50 billion, equivalent to an average of around £4 billion per month. Whether this momentum can be maintained post-Election, however, remains very much in the lap of the Gods.”

More details in the next (May) issue of The Construction Index magazine.

Got a story? Email news@theconstructionindex.co.uk

MPU
MPU

Click here to view more construction news »