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Galliford makes it two on the bounce despite dead July

The quietest month of the year so far couldn’t stop Galliford Try recording its second straight triumph in the monthly contractor league.

 Top 10 contractors, July 2017  
  Click here for the full top 50  
  Contractor No Total (£m)
1 Galliford Try 11 196.6
2 Kier  25 176.3
3 Wates 11 168.6
4 Morgan Sindall 34 162.2
5 Willmott Dixon  12 134.8
6 Laing O’Rourke 3 112.5
7 Winvic 2 110.0
8 Vinci 6 105.8
9 Keepmoat 16 105.0
10 VolkerWessels 8 102.1
  League tables are subject to revision 

Combined wins across the top 50, which ranks contractors by the value of deals over the month, hit just £2.72bn in July – the lowest monthly total since October 2016.

July’s figure was down 10.2 per cent on June but still 23.2 per cent higher than the same month of 2016, when combined contracts stood at just £2.2bn.

Galliford Try made it two league titles in a row and three for the calendar year, topping the rankings with 11 wins worth £196.6m all in, according to construction intelligence provider Glenigan

Chief amongst Galliford’s deals in July was a £73m project to deliver 975 flats and a hotel in east London for client Opal, as part of the Brunel Street Works project (pictured).

Kier was second for the month – its first podium since March – after a £50m social science hub scheme for the University of Sheffield helped the firm to a 25-deal £176.3m haul.

Close behind in third for July was Wates, its £168.6m total featuring a £73m housing estate regeneration for Orbit, also in east London.

 Top 10 clients July 2017   Top 10 clients, year to July 2017 
  Click here for the full top 50     Click here for the full top 50  
  Client No Total (£m)   Client No Total (£m)
1 Department of Health 22 106.3   Department for Transport 37 1,658.8
2 Bruntwood 1 90.0   Department of Health 289 1,543.2
3 Lidl  6 87.6   Network Rail 110 1,169.4
4 Legal & General  2 84.0   Ministry of Defence 45 1,119.8
5 Opal (Silvertown) 1 73.1   TH Real Estate 3 855.2
6 Orbit  1 73.0   Homes & Communities Agency 16 723.5
7 Network Rail  6 72.9   Greater London Authority 32 504.6
8 Environment Agency 6 71.2   Department for Education 48 429.9
9 London Borough of Bromley 2 60.3   Tata 12 389.5
10 Ministry of Defence 1 60.0   TfGM 4 387.1
  League tables are subject to revision    League tables are subject to revision 

League stalwart the Department of Health scored its second monthly victory of 2017 in July, its 22 deals representing nearly half of the top 10’s haul by volume.

Bruntwood is behind a £90m office scheme at the Circle Square development, handed to John Sisk, while Lidl reaffirmed its position as a major client with its first ever monthly table podium.

In the 12-month league the DfT clung onto top spot despite big deals slipping outside the period covered, allowing the DoH to close the gap following its strong July. 

The rest of the top 10 was unchanged, save for Transport for Greater Manchester making its debut by ousting Quintain.

Contracts that also caught the eye during the period included sixth-placed Laing O’Rourke’s £110m deal to build the Starlight Theatre scheme for Allied London and Manchester city council, while John Sisk scooped a £90m office scheme at the Circle Square development.

Although the top 50’s total value in July was the lowest of 2017, the number of individual deals secured was only the joint-third lowest of the year at 254. This equated to an average contract value of £10.7m, not far off the £10.4m recorded for the previous month and the £10.2m seen in July 2016.

 Top 10 contractors, year to July 2017 
  Click here for the full top 50  
  Contractor No Total (£m)
1 Morgan Sindall 335 2,575.5
2 Sir Robert McAlpine  36 2,343.0
3 Kier  274 2,250.5
4 Laing O’Rourke 31 2,241.0
5 Galliford Try  135 1,983.9
6 Royal Bam 85 1,541.0
7 Willmott Dixon  178 1,477.5
8 Balfour Beatty 64 1,350.4
9 Lendlease 15 1,279.0
10 Wates 113 1,160.8
  League tables are subject to revision 

In the annual contractor table Morgan Sindall maintained a decent lead at the top, thanks in part to Laing O’Rourke falling back after major wins slipped outside the period covered. McAlpine and Kier moved up a place each accordingly, despite both their 12-month hauls actually declining sightly. 

Balfour Beatty climbed back two places for the second successive period, up to eighth, while Interserve moved from 14th to 11th and Carillion rose from 17th to 12th. Keepmoat and Multiplex were notable fallers, however, dropping seven and four spots respectively.

 Top 10 engineering consultants, July 2017 
  Click here for the full top 20  
  Engineering consultant No Total (£m)
1 Buro Happold 4 286.4
2 Arup 7 172.9
3 WSP  4 110.3
4 Jacobs 2 96.3
5 Atkins 3 77.8
6 Waterman  2 73.9
7 Couch Perry & Wilkes 6 56.9
8 Desco 2 54.0
9 Chapman Bathurst  1 50.0
10 GIA 1 50.0
  League tables are subject to revision 

Buro Happold took its second top spot in three months, while Arup consolidated its first place in June with second in July. WSP meanwhile secured third for the period, having featured in the top 10 every month but one in 2017.

Readers' comments (1)

  • Of course their figures for July are higher, because they refuse to pay all sub-contractors in June each year as this is one of their accounting months.

    Thus their bank balance in July is higher because they are holding onto money that should have been paid out in June to Sub-contractors. a policy that they also enforce in December each year when they refuse to pay their Sub-Contractors.

    No doubt in those two months they make a tidy interest gain on the amounts that they have held in their accounts from Sub-Contractors. despite all of the Sub-Contractors that work for them not getting paid for two months of the year, they have to pay their guys, many of those Sub-Contractors find that the missed June payment causes difficulties for them that is just about straightened out by December when they are again not paid.

    This is especially a big problem when the majority of the work a Sub-Contract does is with Galliford Try.

    Is this creative accounting by the Main Contractor?

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