The Builders鈥� Conference recorded 拢4.73bn of new business being signed by UK construction contractors in March 2018, a 5% increase on the 拢4.48bn of new contracts in March 2017.
This is increase suggests that the industry will bounce back from the slowdown in activity during March that was revealed by the monthly survey of construction purchasing managers. [See our report here.]
The March 2018 total came from 612 separate contracts; in March 2018 it was 663 contracts.
The BCLive league table for March 2018 was headed by Wates, thanks mostly to its housing deal with the London Borough of Havering. 聽The building company has formed a joint venture with the council to deliver a planned 3,000 homes over the next 12 years.
It is not actually a 拢1bn contract, but that鈥檚 the headline estimated gross development value of the joint venture, so that is what has been ascribed to Wates by the BCLive league.
Kier took second place, with a haul of 17 new contract awards worth a combined 拢327m. The largest was a four-year housing refurbishment and repair deal with Aberdeenshire Council.
BAM signed 10 new bits of business, worth a total of 拢297m, to take third place.
Builders鈥� Conference chief executive Neil Edwards said: 鈥淭he league table for March brings to a close the first quarter of 2018; and it ends on a largely positive note with a 10% percent increase in contract values on the previous quarter. That is cause for celebration. But without Wates鈥� hefty contribution, the picture could have looked markedly different.鈥�
BCLive Top 20 for March 2018
(Click on image to enlarge)
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