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Low haul in June despite more deals

The top 50 contractors signed the second highest number of deals last month but the value was the lowest since the start of 2009

June proved to be the leanest month for contractors so far in 2009 with just under £3 billion of projects won.

A total of £2.9bn worth of work was won by the top 50 contractors according to the latest Glenigan league tables.

The total is the lowest since December when 183 deals were penned worth £2.28bn despite last month’s 273 deals being the second highest monthly figure this year.

But the total is 13 per cent up on June 2008’s £2.56bn when 235 deals were completed by the top 50 contractors.

Bam Construct topped the June 2008 thanks to a strong performance in the education sector.

This year civils jobs are the order of the day as the figures for the year to June 2009 show with the top 10 alone having penned more than 100 civils deals worth more than £35bn.

The sector has been kind to the likes of Balfour Beatty helping the contractor to consistently perform well – June is the firm’s third appearance at the top of the league this year.

Another strong civils contractor, Costain, continued its good run after winning a £225 million contract to manage the design and build of a new wastewater treatment works in the Brighton and Hove area for Southern Water.

Work will be carried out by the 4D Consortium made up of Costain, United Utilities and Montgomery Watson Harza over the next three years with an option for a further two year contract to operate and maintain the plant.

Investec analyst Alastair Stewart said that Costain’s recent high profile contract wins show it is holding its own against the two major players Balfour Beatty and Carillion.

He said: “It (Costain) is arguably more exposed to infrastructure, which we believe is the most robust UK subsector.”

Carlton Power topped the clients table in June after work got underway on the £500m combined cycle gas turbine power station in Carrington, Manchester.

June was also a quiet one for top 10 consulting engineers with deals signed worth £906.6m, the lowest total since last December.

Mott MacDonald helped itself to its first top spot this year after four big wins saw it take more than a third of the top 10’s collective total.

Click on the related files on the right hand side of the page to download tables of the top contractors, clients and engineers.

Related files

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