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Bumper M25 deal flatters firm’s books

The top 50 scooped £7.82 billion of job wins in May boosted heavily by the awarding of the M25 widening deal worth more than £5bn alone

A bumper joint venture contract win for Skanska and Balfour Beatty masked what was an otherwise relatively quiet month for the top 50 contractors in May.

A total of £7.82 billion of new work was won by the construction industry’s biggest players last month according to the latest Glenigan contractor league tables.

But the figure – the largest for more than 18 months – was heavily inflated by the awarding of the mega £6.2bn M25 widening contract last month.

Glenigan estimates Skanska and Balfour Beatty are each responsible for £2.75bn of the project.

Without the M25 win Balfour still topped the May league with £416.2 million from a further 17 jobs.

But the top 50’s total would have fallen dramatically to £2.32bn, the lowest haul in six months.

Not since November has the top 50 contractors collective haul dropped below £2.5 billion.

To make it into April’s top 50 contractors had to win at least £20m of work, but that figure was down significantly to £6.7m last month.

The M25 win helped increase Balfour’s average job size over the past year to £26.8m from £13.7m in the year to April.

The top 10 contractors as a whole have averaged £21m per win in the year to May 2009, according to the figures.

Skanska has the highest average job size of £225.5m with Costain second on £74.8m.

Morgan Sindall and Kier had the lowest averages of £5.8m and £8.6m respectively.

Bam Construct places fourth with an average job win value of £27.9m.

Much of the Dutch firm’s success in the UK over the last 12 months has come in the education and health sectors.

In terms of the number of wins in the two sectors Bam Construct’s 44 jobs is outstripped by Kier’s  81 and Balfour Beatty’s 62.

But Bam’s total of £1.44bn in education and health sees the firm to first and second place respectively in the two leagues.

And the amount represents 81 per cent of the £1.78bn of work won by Bam Construct in the year to May. 

It was a slow month for the top 10 architects with nearly half the number of jobs going through compared with the previous month.

Architects penned 14 deals worth £864.5m compared with 26 in April worth £1.21bn.

For tables of the top 50 contractors and clients for May, as well as the top architects and the top education and health contractors click on the related files in the right hand side column

Related files

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