Combined deals across the top 50 contractors rebounded strongly in August following a disappointing July, with Brookfield Multiplex taking top spot in the monthly table.
The total value of the top 50’s wins for the month increased by 26.4 per cent compared with July to hit £2.65bn, according to Glenigan.
This marked a partial month-on-month recovery, after the table’s combined haul had fallen 47.3 per cent in July from the 39-month high of £3.98bn posted in June.
This continued the recent trend of unstable month-to-month activity. The total for August was also 22 per cent below the figure for the same month of 2013.
Brookfield Multiplex climbed to the summit of August’s contractor table with three deals worth £233.8m. Its winning total was led by its appointment for a £200m office and retail scheme in London’s Leicester Square.
LSQ London comprises the western side of the square and will offer 92,000 sq ft of Grade A office space spread across seven floors, as well as 17,000 sq ft for retail premises over three floors.
Aside from Linseed Assets’ solitary Leicester Square deal that saw it and Brookfield Multiplex top their respective monthly tables, August’s client league was dominated by two of the government’s big hitters.
The Department for Transport’s second place was led by its £75m job on the A63, while the Department of Health remains far and away the busiest construction client on Glenigan’s books, with a once-again impressive 28-award total for the month. While volume this was higher than its table-topping haul in July, its average contract value was lower, underscoring the focus on small-scale works.
Second for the month was Lend Lease, its £192m haul underpinned by a £150m contract for Great Portland Estates.
Under the deal, the contractor will build 162 flats and a number of commercial units on a former Royal Mail site at Rathbone Place in central London.
Lend Lease was already working on the project under a pre-contract agreement and has now been confirmed as the main contractor.
Other notable deals struck in August included seventh-placed Laing O’Rourke’s £100m project to build a research and translation hub in White City for Imperial College and Voreda.
The Department of Health extended its lead at the top of the annual clients table significantly for the 12 months to August, its haul growing 19.7 per cent compared with the 12 months to July, putting it more than £1bn in front of its nearest rival.
The DfT climbed from fifth to second after a strong August, but Network Rail, the GLA and the Scottish Government all saw their totals fall sharply as major contracts slipped out of the period covered. Despite this movement up top, there were no new entries to the top 10 compared with the year to July.
Fourth-placed Balfour Beatty meanwhile was chosen for a £75m Department for Transport scheme to undertake work on the A63 at Castle Street in Hull.
And in 11th position for the month, Ardmore’s solitary recorded deal will see the company deliver an £100m development for joint clients Gresham Down Capital Partners and Poultry Development, turning a former bank headquarters in the City of London into a 255-bed hotel.
Having topped July’s contractor league, Kier dropped to third in August but did secure the most deals by volume, winning 26 contracts over the month.
Across the top 50 as a whole, the total number of wins recorded by Glenigan was fairly stable at 275, but the average contract value rose from £7.9m in July to £9.64m.
The annual table for the 12 months to August saw Kier strengthen its grip on top spot, increasing its lead over second-placed Balfour Beatty with a 4 per cent increase in its total haul compared with the 12 months to July.
Balfour remained second but its yearly haul dipped to £1.91bn, while Galliford Try climbed a place to fourth and Carillion dropped four spots to eighth.
Interserve was another significant mover, climbing from its eighth place in the year to July to fifth in the year to August, with Mace recording an even steeper climb, rising from 12th to seventh.
The combined value of wins across the annual table rose sharply for the 12 months to August, climbing 7.3 per cent compared with the year to July to hit £27.4bn.
Waterman re-entered the top 10 of the engineering consultants league with an impressive £259.2m haul. Hilson Moran and Hoare Lea also recorded strong months resulting in three-figure totals, following quieter activity in July.