Of its future workload, 41% is in the regulated sector, 49% in the public sector and 10% in the private sector, the firm said in a trading update for the period from 1 July to 4 November.
Galliford Try said it secured 91% of anticipated construction revenue for the current financial year to 30 June 2011, and 55% for 2012 (2009: 79% and 49%).
Its GBM water JV continues to win work through AMP5, including a place on Yorkshire Water 拢330m framework, and two projects totalling 拢25m. It was also awarded by Thames Water a 拢60m sewage project at Beckton in London.
In building, Galliford Try has recently won an 拢8m project for the University of Manchester, 拢9m-worth of work for NHS Tayside, 拢25m of work in the commercial sector, a 拢16m hotel in Birmingham, and a 拢9m M40 services project.
In house building, total sales are up by 14% from a year ago, standing at 拢312m, of which 拢212 million is for the current financial year to 30 June 2011. Prices achieved have been 鈥渟lightly above expectations鈥�, but mortgage availability remains 鈥渁 serious constraint鈥�.
Galliford Try said it is continuing to make selective land acquisitions that meet stringent financial criteria.
The firm said it now had 鈥渧ery little dependence remaining鈥� on housing grants for its developments, but added that 鈥渢he measures announced in the comprehensive spending review... should provide sufficient impetus to enable housing associations and private providers to increase their development activities鈥�.
It added: 鈥淎s one of only six developers appointed across all three of the Homes and Communities Agency's Developer Partner Panels, we have excellent visibility over public land releases coming to market and anticipate securing good opportunities.鈥�
Summarising the outlook, chief executive Greg Fitzgerald said: 鈥淥ur strong position in long-term frameworks for the regulated sector, and with a number of our blue chip private sector clients that are continuing with development programmes, has mitigated the effect of the current competitive market conditions.
鈥淭he economic outlook remains uncertain and the full implications of the Government's comprehensive spending review on both the Group's housebuilding and construction activities are not yet clear.
鈥淥ur well recognised cash management disciplines continue, with the Group's borrowings at better than expected levels, reinforcing our strong balance sheet. While continuing to adopt an appropriate level of caution in the short term, the Group remains confident in its strategy for delivering the objectives of its expansion plan.鈥澛�
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