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Top 50 wins hit 39-month high as Balfour Beatty takes top spot in June

The industry’s top 50 contractors have recorded the highest monthly combined contract haul since March 2011.

The total value of deals across the contractor league in June 2014 hit £3.98bn, representing an unprecedented 75.4 per cent increase compared with the previous month.

Top 50 contractors Jun 13-Jun 14

June’s haul was also 58.5 per cent higher than the same month in 2013, when the league’s combined deals were worth £2.51bn.

After several months of rollercoaster levels of activity, June and May represented the first consecutive months of combined growth for the top 50 firms this year.

Balfour Beatty topped the contractor table for June, spurred on by a number of major infrastructure and energy deals.

The contractor secured 13 contracts over the month with a combined value of £460.1m, according to construction intelligence unit Glenigan.

Balfour Beatty’s haul for June was led by its share of the £745m Connect Roads consortium’s contract to deliver the Aberdeen Western Peripheral Route and the A90 Balmedie-Tipperty scheme for Transport Scotland, which is delivering the work in partnership with Aberdeenshire Council and Aberdeen Council.

The project is the largest yet to be procured through the Non Profit Distributing model used in Scotland for major schemes.

Balfour Beatty’s winning sum for June also comprised its half of a £160m deal to build a new silos maintenance facility for Sellafield.

This represents the third phase of the client’s waste retrieval hazard reduction programme. The new facility will support two existing waste silos and Balfour’s work is scheduled to finish in autumn 2017.

The £745m Aberdeen Western Peripheral Route and the A90 Balmedie-Tipperty contract locked out the top of the monthly client table, with the deal split between Aberdeenshire Council, Aberdeen Council and the Scottish Government through Transport Scotland.

The £250m Worthy Down centre gave the MoD its second place, while the Department of Health continued its impressive recent form with a stand-out 25 deals awarded over the month. The Department for Transport and Department for Education’s top 10 rankings completed a table dominated by public sector clients.

The Connect Roads consortium that secured the Transport Scotland contract also comprises Carillion and Galliford Try, which took second and third for the month respectively.

Carillion also secured the £30m enabling works for the £500m Paradise Circus regeneration project in the centre of Birmingham, while Galliford Try’s total included a £10m office building in London’s Pall Mall for client SFL 1.

Skanska was fourth in June with a single deal: the £250m Worthy Down military training centre for the Ministry of Defence.

Having risen to the top of the annual client league for the 12 months to May, the Department of Health extended its lead significantly over the 12 months to June. The Greater London Authority’s haul also increased over the period, helping it leapfrog Network Rail into second.

The Scottish Government gained a place to fifth while Aberdeenshire Council climbed into the top 10. The total value of awards for the top 10 rose a whopping 15.7 per cent to hit £8.48bn for the year, with the number of deals increasing from 591 to 630.

Other notable deals during the month saw Wates confirmed as the winner of an £100m office project in Leeds for Roydhouse and an £85m job for Ministry of Justice to build a secure college at Wigston, Leicestershire.

With 276 deals in total across the top 50, the average contract value in June rose to £14.4m, up from £10.9m in May.

In the annual table covering the 12 months to June 2014, Kier held onto its lead despite second-placed Balfour Beatty’s recent wins.

Kier’s total for the period rose to £2.16bn across 269 deals, up from £1.88bn across 273 schemes in the 12 months to May.

Balfour Beatty’s haul bounced back to £1.98bn spanning 126 contracts, up from £1.74bn and 135.

Carillion’s strong month saw it climb from fifth to third for the year, while Skanska rose from seventh to fifth and Galliford Try moved from 10th to sixth.

June’s exceptional top 50 performance propelled the annual total to £26.1bn, representing an 8.9 per cent increase compared with the year to May and a 1.8 per cent increase compared with the year to June 2013.

Jacobs climbed from second to first in the top 10 engineering consultants table with a colossal £1.08bn of wins in June. Second-placed Arup was the other notable winner, having been ninth in May, while Cundall Johnston climbed three places to third.

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