Goodall said he was still looking for a deal at the right price, but indicated that he would be unlikely to bid again for McAlpine.
"We have been looking at pure housebuilders because we don't want a contracting arm," said Goodall. "The biggest problem for anyone wanting to buy McAlpine is that they have to deal with the contracting side and you get a high risk profile with any contractor."
McAlpine recently rejected a £244m approach by Heron International, the property firm run by Gerald Ronson.
It is unclear whether Ronson, who has 12 000 plots in his land bank, will return with a higher offer or turn his attentions elsewhere.