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Record-breaking July league sees Kier head strong chasing pack

Leading contractors have sealed more than £6.3bn of contract wins in the top 50 table’s strongest month since the financial crash in 2008.

July saw combined wins across the top 50 league grow by a whopping 183 per cent compared with June and by 204 per cent compared with the same month in 2014.

Top 50 contractors Jul 14-Jul 15

The unprecedented size of the top 50’s combined figures was not only driven by a few big-ticket items but by impressive volumes.

Kier led the field for the second consecutive month after it secured an exceptional 44 deals worth a total of £647.3m, according to Glenigan.

Other stand-out volumes included fourth-placed Galliford Try and 12th-placed Morgan Sindall, both of whom secured 27 deals.

In June’s monthly table, Kier was first with a haul of £260.4m. However, this would have only been good enough for eighth place in July’s table.

Highways England was the clear driver of contract awards in July, its £1.82bn total including several major improvement schemes.

Second-placed Greater London Authority’s haul was underpinned by the £600m signalling package awarded to Thales, while Northern Ireland’s Department of Regional Development’s split a £420m road dualling contract between Graham and Farrans.

The Department of Health meanwhile had a quieter month having topped the league by value in June, though still led the way in terms of volume with 29 deals.

Vinci was hot on Kier’s heels in second for the period, winning seven deals including a £120m job for the London School of Economics.

Thales took third with the single biggest win confirmed during the month: a £600m signalling package for London Underground.

Interserve meanwhile claimed eighth place having won the £200m redevelopment of Stanford Hall near Loughborough into a defence rehab centre for BS Stanford.

These three were among only a handful of deals recorded in July worth in excess of £100m.

Highways England helped balloon the Department for Transport’s total and dislodge the Department of Health from the annual summit for the first time since April 2014.

The GLA meanwhile returned to the podium positions thanks to the London Underground deal, pushing the Department for Education down to fourth.

The Welsh Government’s quiet July saw it lose two places to sit sixth, while British Land re-entered the top 10 in ninth at the expense of the Ministry of Defence.

Other notable jobs sealed for the period included Buckingham winning a £70m deal to build a new stadium for Brentford FC, while Higgins secured a £36.7m contract to deliver 219 units plus retail space in east London for Southern Housing.

The total number of contracts won across the top 50 for July was 304, up 40.1 per cent compared with June.

This gave an average contract value for the month of just under £21m, compared with £10.4m in June.

There were also significant shifts in the annual contractor table, as Kier’s winning performance in the latest monthly league saw it reclaim the summit for the 12 months to July, leapfrogging Laing O’Rourke.

Balfour Beatty’s solid activity in July helped it close the annual gap to second-placed Laing O’Rourke, while Vinci’s similarly impressive recent showing saw it climb from 12th to sixth.

Skanska gained three places to sit fourth, but Morgan Sindall was down two in seventh and Royal Bam slipped to eighth having been fourth.

July’s exceptional top 50 performance also meant the total annual haul across the top 50 increased sharply, gaining 5.8 per cent to stand at £34.25bn.

WYG re-entered the table to take first in July in what was a strong month for engineering consultants. Atkins was another re-entry in second, while Aecom was down one spot to sit third and Hoare Lea slipped from first to fourth.

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