Industry analysts have revealed the UK’s top 50 contractors were awarded £5.5 billion of contract awards in January.
Construction intelligence firm Barbour ABI has reported the Riverlinx Consortium took the top spot during January with a single award valued at £1 billion to deliver the Silvertown Tunnel development in London.
While Mace and Skanska were in second and third place 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 was just £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