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Mace claims top spot in May as top 50 see year-on-year rise

After climbing to second spot in April, Mace went one better last month and took pole position.

Meanwhile, the annual contractor table tightened in May with Morgan Sindall now hot on the heels of Laing O’Rourke.

Top 50 contractors May 12-May 13

The month’s haul by the top 50 was just short of £2.3bn across 275 projects, which is almost 13 per cent up on a year earlier, when May 2012 served up £2.04bn of work spanning 202 projects.

The total was down on April 2013, however, when the top 50 contractors won £2.7bn of work across 212 contracts.

Laing O’Rourke topped the annual table with only 25 contracts worth £1.67bn for the 12-month period, closely followed by Morgan Sindall with 244 projects worth £1.64bn. 

Royal Bam (£1.59bn) and Balfour Beatty (£1.5bn) sit third and fourth respectively. The latter’s lead over fifth-placed Bouygues is only £42.3m.

Land Securities and the Canada Pension Plan Investment Board took the top positions in May as the first stage of the £770m Victoria Circle project got moving.

This saw the Greater London Authority – which led the pack in March and April – drop down to third, albeit still with £156.8m of work.

The top five clients in the annual table have remained relatively unchanged in the five months recorded in 2013 so far. There was one change in the order, with the Department for Transport leapfrogging above the Department of Health.

The value of work handed out by the top five has dropped slightly, despite EDF staying flat on the back of the Hinkley C contracts – which remain dependent on government negotiations that continue to drag on.

The GLA and the Department of Health are the only clients to have appeared in the top five in May 2012 and May 2013. Along with Network Rail, they were also the only clients to appear in the top five in both April and May 2013.

Balfour Beatty, which had dominated the annual table until recently, was in third spot in the monthly table for May, with £162.7m of work across 18 projects. In April it secured £183.8m of work across 13 jobs, taking its two-month haul to almost £350m.

After taking second and first spot, Mace’s total contract haul for April and May 2013 was more than £500m, according to construction intelligence provider Glenigan.

The contractor won £342m of work in May, largely down to the £330m deal with Land Securities and the Canada Pension Plan Investment Board for the mixed use Victoria Circle project.

The first stage of the £770m scheme totals 727,000 sq ft and offers 480,000 sq ft of office accommodation, 80,000 sq ft of retail/restaurant space and 170 luxury modern apartments.

Construction was scheduled to start this month, with completion due in the second quarter of 2016.

Vinci had topped the league in April with £277m of work across 11 projects, but slipped down the table in May.

Royal Bam climbed back to second spot with £191m of work, also spanning 11 schemes, having dropped to seventh in April after taking the top spot in March following the Google HQ win. Bam Nuttall signed off a £75m job for SSE to build a substation in Moray, according to Glenigan.

The contractor has teamed up with Siemens to develop five new substations under a lot entitled Moray and the West, as part of Scottish Hydro Electric Transmission drive to accommodate growing onshore and offshore wind capacity and emerging marine generation developments.

Other notable contracts included Shepherd’s £65m job for developer Kitewood to deliver mixed-use podium and tall building development on part of a vacant out-of-town retail site. That deal is for 460 flats and four shops at Capitol Way in Edgware, London.

EC Harris trounced the opposition in May 2013 with a £414m haul of work across seven schemes. Glenigan lists the company as among the firms on Land Securities’ Victoria Circle scheme.

It takes the total to £770m across the top 10 for May, compared with £600m a month earlier. Equals made an appearance in second spot with a £65m deal.


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