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Balfour Beatty tops February league but tender activity drops 34%

5 Mar 14 Balfour Beatty has topped the Builders’ Conference contracts league for February 2014, racking up £168.3m of new work from 11 contract awards.

Second was Morgan Sindall, with 拢160.9m from 18 projects, just shading Sir Robert McAlpine鈥檚 拢160m from just two contracts. McAlpine signed the month鈥檚 biggest contract, the 拢150m deal to extend the Victoria Gate shopping centre in Leeds for Hammerson UK Properties.

Balfour Beatty鈥檚 haul included a 拢50m contract to transform the London 2012 Olympic Stadium for future uses. It also picked up 拢51m of work in the housing sector and 拢43m from railways.

ISG, BAM, Wates and Brookfield also all signed deals aggregating more than 拢100m in value last month.

According to the BCLive league table, nearly 拢3bn-worth of contract awards came on stream in February, a 70% rise on the 拢1.76bn recorded in February 2013. However, the sting in the tale is that tender activity 鈥 indicating future workload 鈥 appears to have fallen by 34% in value.

Builders' Conference chief executive Neil Edwards said: 鈥淚n February 2013, we collected data on 846 tenders with a combined value of 拢4.125bn. In February 2014, those figures had fallen to 665 and 拢2.735bn respectively. And while February tenders were up by approximately 10% in both number and value on January 2014, it suggests that the recovery is at best faltering.鈥

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