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Keepmoat tops contractor league in September with Salford PFI win

Keepmoat took first place in the contractor league tables for September, while Balfour Beatty remains in the top spot over a rolling 12 months.

The top 50 contractors for September 2013 were awarded more than £2bn of work, with a handful of large projects bumping up the total.

Top 50 contractors Sep 12-Sep 13

According to the latest figures from construction business intelligence unit Glenigan, there were 41 fewer projects awarded last month compared with August, when the value of wins, at £3.17bn, was the highest since March 2012.

It is therefore unsurprising after such a strong performance that we would see a dip in September, with awards across the top 50 contractors falling by just over a third in value. Last month’s total also saw a slight drop on September 2012, by 3.3 per cent.

Keepmoat’s top place in the month’s league was secured by a £430m PFI housing regeneration contract at Pendleton for Salford City Council.

Other large deals awarded in September included the £120m Biomedical Campus in Cambridge for the Department of Health and John Laing, awarded to second-placed Laing O’Rourke, and Mount Anvil’s coup of the £100m residential and commercial development at Canary Wharf for central London luxury developer Londonewcastle.

Spain is once again represented in the top 50 contractors, with Isolux Corsan winning a £70m solar farm project and associated infrastructure in Sudbury for Santander.

Despite 16 more deals being awarded in September 2013 compared with August, the collective value of wins across the month’s top 10 clients was down by more than a third; however, it was up almost 20 per cent on September 2012.

The Department of Health’s strong showing of 26 awards, more than half the total across the top 10, propelled it to second place in value terms, after an absence last month. Propping up the table is Bristow Helicopters’ search and rescue base in Aberdeen, awarded to Balfour Beatty.

The average contract value across the projects secured by the top 50 last month was £9.8m, down from £12.6m in August, but slightly up on the £9.2m for September 2012.

While larger deals are gaining prevalence, it is clear from the league tables that smaller projects remain valuable to the industry’s largest contractors.

Indeed, just four contractors secured more than £100m of work last month, a stark contrast from August when firms needed to hit this milestone to make the top 10.

The Greater London Authority reclaimed the top spot in the client league for the 12 months to September 2013. The value of work awarded by the top 10 clients in the rolling 12-month period was 18.5 per cent lower than in the year to August, and there were 14 fewer deals awarded.

Salford City Council’s placing was largely thanks to its housing regeneration scheme, worth £430m, while Land Securities just missed out on a podium position.

Aside from third-placed Balfour Beatty, which scooped 15 deals, each of these contractors derived their £100m plus total from one or two projects. Conversely, further down the table 10-placed Morgan Sindall’s £60.6m haul came from 17 projects – the joint-highest number across the top 50.

In the year to September 2013, the top 50 contractors secured £23.82bn of work between them, a 12 per cent fall on the previous rolling 12 months up to August.

Balfour Beatty secured top spot once more, despite winning more than 100 projects fewer than fourth-placed Kier.

Morgan Sindall jumps one place to second, while Mace completes the podium, rising from sixth the previous month.

The top five annual contractors accounted for 30 per cent of work across the top 50, with more than half the value taken up by the top 10.

The top 10 also account for almost half the number of projects across the table, indicating the continued dominance of the industry’s major players.

Last month’s top three consulting engineers accounted for more than half the work across the top 10. Having just missed out on the top 10 in August, WSP jumped to second place, while Hoare Lea rose from seventh to third, despite securing £5m less in value than in August.

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