Business barometer — Swedish contractor hits the top with £242m contract to build London tower
Skanska bounced back to the top of the monthly contract table after winning more than £443m worth of work during October. The bumper haul for the Swedish company was made up of nine commercial jobs, including a £242m contract to build the landmark Heron Tower in the City of London.
Balfour Beatty slipped from the top spot in September to number four with £176m of work.
October also proved a good month for another foreign-owned company, Bovis Lend Lease. The Australian-owned group clinched the number two spot thanks to a £260m contract with Land Securities for a commercial office and retail development in the shadow of St Paul’s cathedral.
Family-owned contractor Mulalley & Co parachuted into the top 30 at number seven owing to eight contracts worth £113m, including a £70m deal with Newham Homes in east London to refurbish the borough’s housing.
Gleeson Building also forced its way into the top 10, winning £90m of commercial work, and Carillion won jobs worth £72m, split evenly between the public and commercial sector.
Skanska came out on top when civils were taken into consideration, thanks to a £33.8m contribution from its civils operation.
Over the course of the year, Balfour Beatty retained pole position with £2.9bn of work bagged from 734 contracts over 12 months.
Kier closed the gap slightly at number two, generating £2.3bn worth of work over the past 12 months from 488 contracts. Bovis Lend Lease, with £2.1bn from 26 contracts, came in at number three.
HBG Construction, with £2bn from 111 contracts, held onto its top five berth after successfully building on its strong third quarter performance. Morgan Sindall, with £1.6bn on the back of 472 contracts, was the final member of the 12-month top five.
Medium-sized contractors continue to snap at the heels of their larger rivals in the busy market. Wates and Rok both held onto their top 10 spots with £903m and £870m respectively. Meanwhile, ISG jumped six places to 14 with £582m worth of work.
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This information is compiled for Building by Barbour ABI. Call 0151-353 3500, email Info@ABIBuildingData.com or see www.barbour-abi.com
Barbour ABI’s figures include UK contracts with a value of £100,000 or above, and all work awarded by negotiation or competitive tender, including residential and civils work, unless stated otherwise.