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Stability reigns over top 50 contractors in June

Activity across the top 50 contractor league once again held relatively steady in June as Multiplex claimed the summit for the first time since January last year.

 Top 10 contractors, Jun 2018  
  Click here for the full top 50  
  Contractor No Total (£m)
1 Multiplex 1 400.0
2 McLaren  3 227.6
3 Bouygues UK 4 181.8
4 Sir Robert McAlpine 4 169.0
5 Kier 21 165.2
6 Wates 9 161.3
7 Costain 1 150.0
8 Morgan Sindall  17 141.7
9 Bowmer & Kirkland 4 111.4
10 Vermont  1 100.0
  League tables are subject to revision 

The total value of contract wins in the top 50, which ranks contractors by their hauls for the month, hit £3.57bn in June – up just 6.5 per cent compared with May, which in turn had dipped just 10.9 per cent compared with April.

Recent months have been in marked contrast to the more severe oscillations in top-50 activity recorded throughout much of 2017.

June’s £3.57bn total was also 18.1 per cent higher than the £3.03bn figure posted in the same month last year, according to construction intelligence provider Glenigan.

Multiplex topped the monthly contractor league for the first time in 18 months after bagging the £400m redevelopment of New Scotland Yard old headquarters.

The Ten Broadway scheme will see contractor deliver six residential blocks on the site of the former Metropolitan Police HQ in central London for BL Development, which is owned by Abu Dhabi Financial Group.

The deal was sufficient to give Multiplex first place June’s contractor table, comfortably ahead of second-placed McLaren’s three wins worth £227.6m.

These three contracts included a £100m mixed-use scheme in central London for Lebanon-based consultant the Dar Group, and a £100m deal to deliver the first phase of the Hale Wharf mixed-use development in north London.

June’s second place equalled McLaren’s highest ranking to date, having also taken second in April’s table.

 Top 10 clients Jun 2018   Top 10 clients, year to Jun 2018 
  Click here for the full top 50     Click here for the full top 50  
  Client No Total (£m)   Client No Total (£m)
1 BL Development 1 400.0   Department for Transport 46 4,413.8
2 Department for Transport 8 287.6   Department of Health 269 1,973.8
3 London & Continental Railways 1 150.0   Network Rail 81 1,616.9
4 Cardiff University 3 136.8   Manchester Airports Group 6 1,143.7
5 Dar Real Estate  1 100.0   UK Parliament 4 871.0
6 Peel Holdings 1 100.0   National Grid 14 759.3
7 Tunbridge Wells BC 1 90.0   Department for Education 95 741.3
8 Cleaveland Clinic 1 86.0   Ministry of Defence 24 486.5
9 BAE Systems 1 80.0   Greater London Authority 14 420.5
10 Department of Health 16 78.7   Centro 3 389.0
  League tables are subject to revision    League tables are subject to revision 

BL Development, a subsidiary of Abu Dhabi Financial Group, topped the monthly client table after awarding the £400m Ten Broadway scheme to Multiplex.

The Department for Transport was second after a busier month – its highest placing since January – while London & Continental Railways is responsible for Wates’ £150m Axis Square development.

The Department for Transport’s busier period in June extended its lead in the annual client table, while the Department of Health slipped back.

Network Rail closed the gap to second place, simultaneously giving itself more breathing space to fourth-placed Manchester Airports Group. National Grid swapped places with the Department for Education in the table for the year to June, while Centro entered the top 10 for the first time on record, squeezing out Vastint.

in Birmingham. Cardiff University sat fourth for handing Bouygues the latest phase of its innovation campus, having last made the top five in December 2016.

Bouygues took third spot in the month with four deals valued at £181.8m in total, among which was a £135m contract covering the latest phase of Cardiff University’s £300m innovation campus.

Several major deals were sealed during June. These included the £150m Axis Square project in Birmingham that LCR handed to Wates, which gave it sixth place; smart motorway work on the M6 from junctions 21a to 26 worth £150m awarded to Costain – enough for seventh; and a £100m infrastructure deal at Brent Cross shopping centre for Hammerson and Standard Life, who appointed a JV of Graham and Hochtief. 

Just as the combined top 50’s value remained steady in June, the volume of deals sealed was also fairly stable at 220, up from 192 in May. This produced an average contract value in June of £16.2m, marginally below the previous month’s £17.5m.

 Top 10 contractors, year to Jun 2018 
  Click here for the full top 50  
  Contractor No Total (£m)
1 Kier 272 3,073.5
2 Wates 98 2,495.1
3 Balfour Beatty 71 2,374.4
4 Galliford Try 117 2,347.7
5 Laing O’Rourke 22 2,201.1
6 Morgan Sindall 239 1,891.6
7 Vinci 45 1,872.4
8 Bouygues UK 33 1,798.3
9 Sir Robert McAlpine 36 1,597.8
10 Willmott Dixon 116 1,326.5
  League tables are subject to revision 

In the 12-month contractor table Wates rose to second place – its highest position on record – after Balfour Beatty fell back to third, all of which left Kier with a significantly increased lead in first.

Laing O’Rourke climbed two places to fifth for the year to June, while Sir Robert McAlpine swapped places with Willmott Dixon to take ninth.

VolkerWessels soared from 21st to 14th but was eclipsed by Multiplex, which rose an impressive 10 places to sit 18th on the back of its strong June, while Interserve slipped to 22nd having been 11th a year earlier.

 Top 10 engineering consultants, Jun 2018 
  Click here for the full top 20  
  Engineering consultant No Total (£m)
1 Aecom 5 728.0
2 Robert Bird 2 405.0
3 Inspiration 1 300.0
4 Arup 7 281.3
5 WSP 8 264.0
6 Max Fordham 4 198.5
7 Waterman 4 157.6
8 Atkins 1 155.0
9 Jacobs 1 135.0
10 Hoare Lea  4 105.0
  League tables are subject to revision  

Aecom clinched its first engineer league triumph since October 2017, having taken consecutive second places in the previous two months. Inspiration‘s third place meanwhile was its first top 10 appearance since July 2015.

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