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Sun November 10 2024

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Costain order book hits record high

5 Nov 13 Costain has now booked £3.0bn of work, which is a new all-time high for the company.

More than 拢700m of revenues have been secured for 2014, and approximately 拢2.1bn of work is set to start in 2015 and beyond.

In addition, Costain has a strong preferred bidder position of more than 拢400m.

In a trading update, the board said that tendering activity across target markets remained high.

More than 90% of the order book is a target cost, cost reimbursable form of contract, Costain said.

Examples of work won this year to date include:

  • An AMP6 programme for Thames Water
  • Several contracts for Crossrail including for the railway systems
  • A contract with EDF for the water cooling systems for the Hinkley Point C new nuclear power station.

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