Contractors getting squeezed as main contract awards slump

By Tom Lowe2022-11-22T11:01:00

Awards for schemes under £100m have fallen by 15% in three months, new study finds

Contractors are finding it increasingly hard to find work as the economic outlook worsens, with the number of main contract awards for jobs valued under £100m shrinking by 15% since August.

The number of smaller construction jobs awarded was down by 13% compared to the same period last year, according to new figures by data provider Glenigan covering the three months to the end of October.

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