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Activity rebounds once more across top contractors as Kier heads both tables in May

The combined value of contract wins rose 23.9 per cent in May compared with April as activity across the top 50 contractors continues to fluctuate.

Total wins across the league rebounded to hit £2.27bn for the month. This was up from £1.83bn in April, which had marked a 28.2 per cent decline from the £2.57bn recorded in March.

May’s combined value for the top 50 contractors was marginally lower than for the same month in 2013, when total wins stood at £2.29bn.

Top 50 contractors May 13-May 14

Kier claimed top spot in the May 2014 contractor league, as well as overtaking Balfour Beatty in the annual table.

The contractor secured 22 deals worth a total of £225.7m during the month, according to construction intelligence unit Glenigan.

A programme of healthcare works worth more than £100m was among the major contracts cementing Kier’s position in May’s table.

The firm will deliver the works for the University Hospital of North Staffordshire NHS Trust under the ProCure21+ framework.

Lend Lease took second place for the month thanks to a £151m deal with the Ministry of Justice to build a 2,100-capacity prison in Wrexham.

Royal Bam was third for the month off the back of a range of medium-value contracts across its divisions, particularly in the education and infrastructure sectors.

Among the other stand-out awards in May was VolkerWessels subsidiary VolkerFitzpatrick’s contract for a £82m maintenance depot and offices in Doncaster for joint clients Agility Rail and Hitachi Rail, which was the primary contributor to the parent company’s fourth place for the month.

Leadbitter was seventh after it secured a £100m regeneration scheme in Bedford for Bedford Borough Council and Bedford Regeneration, comprising the construction of a mixed-use development on a riverside site.

Sir Robert McAlpine meanwhile won a deal to undertake a £50m redevelopment project at Newcastle University as part of the city’s £325m Science Central development.

The Department of Health remained the top client in May for the second month running with a whopping 20 contracts awarded worth a combined £337.3m, led by Kier’s ProCure21+ deal.

The Ministry of Justice took second thanks to its Wrexham prison award, while Network Rail had a busy month, handing out nine contracts.

Across the top 10 clients, the value of work awarded in May rose 15.6 per cent compared with April to hit £1.06bn; this was spread across 46 contracts, as opposed to 32 the previous month.

The number of contracts across the top 50 increased to 209 in May from 169 in April, giving an average contract value for the month of £10.9m – broadly flat compared with the £10.8m average recorded in April.

Kier’s top spot by value in May followed its fourth place in April, when Morgan Sindall took top spot in the contractor league.

The Department of Health’s bumper May took it to the top of the annual client league table. Network Rail and the Greater London Authority both dropped down a place accordingly, with both the totals relatively flat compared with the year to April.

Land Securities fell out of the table completely, leaving the rest of the top 10 remaining in the same order but all moving one place, with the Department for Education entering at 10.

The total value of work awarded by the top 10 clients in the year to May fell 6.3 per cent compared with the year to April to stand at £7.32bn.

There was also a major change at the top of the annual contractor table, with Kier assuming first place having gradually caught up with Balfour Beatty since the turn of the year.

Over the 12 months to May 2014 Kier won 273 contracts worth a total of £1.88bn. Balfour Beatty fell to second over the period with 135 deals at £1.74bn, while Morgan Sindall climbed one place to third having secured 192 contracts totalling £1.28bn.

Royal Bam was up two places to fourth, while Carillion slipped from third to fifth and Costain from fifth to sixth.

Across the top 50 contractors the combined value of work won over the 12 months to May 2014 increased by 1.8 per cent compared with the 12 months to April to stand at £23.97bn.

Hoare Lea climbed from third to first in the Engineering Consultants league for May, with the previous month’s top firm URS dropping to 13th.

Jacobs re-entered the table at two, as did Fichtner, whose single £120m deal was enough to secure third.

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