Top 50 Contractors awarded £5.5 billion in January

Posted by Barbour ABI on 24th February 2020 -

The Top 50 Contractors in the UK were awarded £5.5 billion of contracts in January.

The Riverlinx Consortium took the top spot this month with a single award valued at £1 billion to deliver the Silvertown Tunnel development in London. The Consortium contains Aberdeen Standard Investments, BAM PPP PGGM, Cintra, Macquarie Capital and SK E&C. Mace and Skanska were in second and third place for January 2020, with a total contract award value of £400 million and £260 million respectively. This month, the top three contractors have been awarded a combined four projects at a total value of £1.66 billion. The latest edition of the Top 50 League Tables published by industry analysts Barbour ABI, highlights the number and value of construction contracts awarded during January. This month shows that the combined value of contracts awarded to the Top 50 was £5.5 billion with a total of 182 projects.

The overall value of all projects awarded to the top 50 contractors is up by 178% on December 2019 when the total value of projects wasjust £1.98 billion. The total quantity of projects also increased by 75% from December to January, suggesting that there have been both a number of high value contract awards as well as an increase in quantity of contract awards.

Tom Hall, Chief Economist at Barbour ABI & AMA Research said, “Activity has increased in January considerably compared to the latter months of 2019. However, these figures have been boosted by several major projects”. Download the full report here: https://ubm.io/2WBolhM

About Barbour ABI: Barbour

ABI is the market leading provider of UK construction intelligence services, based in Cheshire Oaks. With more than 80 years’ experience, our in-house team of research specialists and a dedicated economics team provide commercially relevant insight and unique analysis of trends and developments within the building and construction industry. Barbour ABI is the chosen provider of Construction New Orders estimates data to the Office for National Statistics and partner of the Government’s Infrastructure and Projects Authority in providing the National Infrastructure and Construction Pipeline. Barbour ABI is part of Informa, a leading international events and intelligence group and a member of FTSE 100, with over 11,000 colleagues working in more than 30 countries. For more information, go to www.barbour-abi.com or follow on Twitter @BarbourABI for all the latest construction data news