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Top 50 slips back in February as Sindall scoops double

Morgan Sindall claimed a contractor league double as February saw the combined value of deals slip back compared with January.

 Top 10 contractors, February 2017
  Click here for the full top 50
  Contractor No Total (£m)
1 Morgan Sindall  33 232.9
2 Willmott Dixon 17 210.6
3 ISG 13 209.6
4 Carillion  6 206.0
5 Interserve  17 151.0
6 Balfour Beatty  4 134.0
7 Galliford Try 11 130.1
8 Kier  25 120.0
9 Doosan Babcock 1 110.0
10 Buckingham  6 100.8
  League tables are subject to revision

Ranked by the value of wins in the month, the top 50 contractors in February secured contracts worth a total of £2.99bn, down 22.8 per cent from the £3.83bn recorded the previous month.

However, February’s haul represented strong growth year on year, being up 32.6 per cent on the £2.26bn posted in the same month of 2016.

Morgan Sindall led the way for the latest monthly table, winning deals totalling £232.9m spanning an impressive 33 contracts at an average value of £7.1m, according to construction intelligence provider Glenigan.

February marked the latest example of the contractor’s strong recent performance – it was the fourth month out of the past 12 that Morgan Sindall had topped the monthly table.

Willmott Dixon was second for the period having secured 17 wins totalling £210.6m, giving the firm its first podium finish since June 2016. Willmott’s haul was underpinned by a £90m deal covering social housing for Hounslow Borough Council in west London.

Close behind in third for February was ISG, which chalked up 13 wins worth a combined £209.6m. These included a contract to fit out the new Goldman Sachs headquarters in London. ISG’s work on the 800,000 sq ft building is expected to commence towards the end of 2017, once Multiplex completes the first stage of shell and core works.

 Top 10 clients February 2017   Top 10 clients, year to Feb 2017 
  Click here for the full top 50       Click here for the full top 50    
  Client No Total (£m)   Client No Total (£m)
1 Goldman Sachs 1 150.0   Department of Health 293 1330.1
2 Department of Health 21 121.3   Network Rail 104 1211.7
3 GlaxoSmithKline 5 117.2   Department for Transport 38 1188.1
4 LB of Hounslow 3 103.6   Ministry of Defence 54 1151.2
5 Ministry of Defence 6 87.7   Henderson  5 864.6
6 Peel Holdings  2 86.8   Homes & Communities Agency 17 525.8
7 National Grid 3 76.6   Department for Education 47 473.4
8 Schroder EPUT 2 76.2   Argent 6 389.9
9 Botley Development Company 1 70.0   National Grid 16 378.4
10 Welsh Government  4 65.4   Aberdeenshire Council 14 376.4
  League tables are subject to revision     League tables are subject to revision  

Goldman Sachs led the way in the client table for February after awarding the fit-out deal for its new 800,000 sq ft London headquarters to ISG. The Department of Health recorded a relatively high-value month by its standards, clinching its first podium place in the table since August.

GlaxoSmithKline was also busy during February, awarding a number of mid-sized deals, while the Ministry of Defence recorded its most active month since November, with six contracts handed out.

In the annual client table the Department of Health reclaimed top spot for the first time since October after several major Department for Transport deals fell outside the period covered.

The Ministry of Defence swapped places with Henderson to take fourth, while the Homes & Communities Agency re-entered the top 10 to push the DfE and Argent down a spot each. Elsewhere National Grid and Aberdeenshire Council also returned, squeezing out Lidl and Bournemouth District Council.

Hot on ISG’s heels was Carillion, settling for fourth place in what was a close-run table in February. Chief among Carillion’s wins was a £90m deal to deliver part of the Liverpool Waters development for Peel Holdings.

Elsewhere in February, Balfour Beatty joined forces with cable specialist Prysmian Group to win a contract that will lay a 65 km electricity cable through the Channel Tunnel for Groupe Eurotunnel subsidiary ElecLink.

Despite the month-on-month decrease in the total value of top 50 wins, the number of deals secured in February was relatively unchanged at 244, compared with 254 in January. As a result, the average contract value for the month stood at £12.3m, down from the previous month’s £15.1m.

 Top 10 contractors, year to Feb 2017
  Click here for the full top 50
  Contractor No Total (£m)
1 Morgan Sindall 342 2188.9
2 Kier  307 1907.2
3 Laing O’Rourke 24 1753.2
4 Royal Bam 81 1735.0
5 Galliford Try 117 1605.4
6 Balfour Beatty 65 1528.0
7 Multiplex 11 1521.9
8 Willmott Dixon  183 1391.0
9 Wates 132 1255.6
10 Lendlease 16 1229.9
  League tables are subject to revision

Morgan Sindall clinched its fifth consecutive top spot in the annual contractor league, extending its lead over Kier from £151m to £282m.

Laing O’Rourke took back third place in the table covering the 12 months to February, having briefly swapped places with Bam, while Balfour Beatty climbed back to sixth place having fallen to eighth.

Willmott Dixon was also up two places after a strong performance in February, while Sir Robert McAlpine was a notable mover, gaining four places to sit 15th. 

The combined value of the annual top 50 league fell back for the second consecutive period to hit £33.39bn, down 1.1 per cent compared with the £33.76bn recorded for the 12 months to January.

 Top 10 engineering consultants, Feb 2017 
  Click here for the full top 20    
  Engineering consultant No Total (£m)
1 Arup 5 192.5
2 Hoare Lea 2 130.0
3 Opus 1 85.0
4 Tate 1 82.0
5 WSP 2 77.9
6 Ward Cole  1 70.0
7 Capita  5 68.7
8 Cundall Johnston 3 65.9
9 Goodson  3 52.0
10 Walsh  1 48.9
  League tables are subject to revision  

Another strong performance saw Arup take first place among engineering consultants – its ninth podium in the past 12 months. Hoare Lea climbed from 10th to second and Opus re-entered for the first time since June 2015.

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