Sunday, August 31, 2025
14.5 C
London

The Voice of Scaffolding Since 2008ย  |ย  U.K. Edition

Construction contract awards hold steady in 2019

- Advertisement -

Data from Barbour ABI shows the value of all construction contracts awarded in 2019 was just 0.2% higher than in 2018.

The value of all construction contracts awarded in 2019 was ยฃ59.9 billion. This represents an increase of 0.2% on 2018 which in turn was 15.7% lower than 2017. Whilst contract awards values have levelled off in 2019, the value of ยฃ59.9 billion is approximately 20.3% lower than the peak of ยฃ75.1 billion achieved in 2015.ย 

The number of contract awards continued the downward trend exhibited in recent years with awards falling to 9,580. This is a decrease of 7.3% on 2018 and is also 23.0% lower than 2014 when the number of contract awards peaked at 12,447.ย 

The latest edition of the Economic & Construction Market Review from industry analysts Barbour ABI, highlights levels of construction contract values awarded across Great Britain.ย 

The residential sector maintains its position as the leading sector in 2019, accounting for 38.4% of all construction contract awards, which is 0.3% higher than 2018. The leading residential contract awarded during the year was the Nine Elms Parkside Plots B & D at Wandsworth in London, valued at ยฃ276.4 million.ย 

The second largest sector in 2019 was infrastructure which had a 17.3% share of all contracts awarded. However, this is 2.0% lower than 2018. The largest overall infrastructure project awarded during 2019 was the ยฃ1.5 billion Sellafield SRP Process Facility. The sector accounting for the third largest share of contracts awarded in 2019 was commercial & retail with share of 12.7%, which is 0.5% lower than for 2018. The largest office award was the ยฃ400 million Paddington Square โ€“ Paddington Cube in London.ย 

Commenting on the figures, Tom Hall, Chief Economist at Barbour ABI and AMA Research said, โ€œAs we saw throughout 2019, development figures flatlined and a yearly round up shows similar levels to 2018. With the date for the UK to leave the EU less than two weeks away, and the future of HS2 hanging in the balance, uncertainty continues to engulf the construction industry.โ€ย 

Download the full report here

- Advertisement -

Popular Categories

Most Read >

Game changing UK-First in Scaffolding Innovation under the Forth Road Bridgeย 

Layher pioneers its advanced cantilever technique with Hardrock Scaffolding...

SMART Scaffolder to unveil new mobile app at ScaffEx25

SMART Scaffolder will launch its latest mobile app, SMART...

Scaffolding design platform ScaffPlan to feature at Trimble event

ScaffPlan, the scaffolding design and management platform, is set...

Scaffolders Could Down Tools in Heatwave Under New HSE Proposals

Scaffolders could be given the right to stop work...

NASC and SAIA Join Forces to Elevate Global Scaffold Standards

The National Access & Scaffolding Confederation (NASC) and the...
- Advertisements -

Related Articles >

Mixed Forecast for the UK Construction Contractor Sector in 2023

The construction contractor sector may be growing in numbers, but shrinking revenue threatens the industry's stability, warns RIFT Tax Refunds.ย  The tax specialists have crunched the numbers, and their research paints a bittersweet picture...

Latest Topics

Shaun Ryder tipped as VIP guest at ScaffEx25 awards

Musician Shaun Ryder is rumoured to be among the...

Leachโ€™s secures exclusive deal to supply Staht Digital Pull Testers to Scaffolders

Leachโ€™s has signed an exclusive agreement to supply Stahtโ€™s...

Game changing UK-First in Scaffolding Innovation under the Forth Road Bridgeย 

Layher pioneers its advanced cantilever technique with Hardrock Scaffolding...

Scaffolders take on 50-mile run to help colleagueโ€™s baby daughter

Two scaffolders from Northamptonshire are preparing to run an...
- Advertisement -