Sector - Finance & Legislation
SRP Process Facility is the highest value project of June
15 Jul 19
According to data gathered Barbour ABI, higher value projects, rather than the number of projects themselves, have allowed the coalition of Wood Group, Doosan Babcock, KBR, and Morgan Sindall Construction & Infrastructure to take first place on the table of valued projects.
The coalition of contractors dominates the table for the month of June courtesy of the SRP Process Facility project at Sellafield which boasts a total value of £1.5Bn, with the next closest competition being Vinci Construction.
Vinci Construction itself has only secured a total of two contracts in June but the combined value of said contracts amasses to a considerable £253M, while the Costain Group Plc has secured an equal number of contracts but amounting to a slightly lower value of £177M, placing them at third on Barbour ABI’s project value table.
Fourth and fifth place on the table have been claimed by Mount Anvil Construction Ltd who have been awarded one contract at a value of £160M and Morgan Sindall Plc who have gained an impressive 10 contracts amounting to a total of £148M.
The Chief Economist at Barbour ABI, Tom Hall stated: “This month has been dominated by high value projects, the top three contractors won five projects between them, as opposed to last month when the top three won a total of 19 projects.
“In June we have seen an increase of 42% on May in project awards values, largely due to the SRP Process Facility at Sellafield.”
The contracts with the highest number of contracts in June was Kier Construction Limited, with a total of 13, but only managed to claim fourteenth position on the table with the contracts amounting to a total value of £63M. Whereas, for the previous month of May, Kier was on the top of the table with a grand total of 12 contracts reaching a value of £397M.
In respect of the past 12 months, Kier is the current holder of the top position when it comes to most valued projects with an impressive sum of 149 projects at a total value of £1.96Bn while their current rivals at second place, Wates Construction, have attained 50 projects at a value of £1.73Bn.
The combined value of this month’s Barbour ABI table exceeds £4Bn and covers a total of 125 projects.
If you would like to read more articles like this then please click here.
More Finance & Legislation News
- Government awards grant for home retrofits
1 Feb 24
A new project to develop an innovative point-of-sale finance technology solution for residential retrofit decarbonisation
- Construction sees most insolvencies
31 Jan 24
The construction sector is experiencing the highest number of insolvencies of any industry in the
- Public funding for ProjectPay’s payments solution
17 Jan 24
ProjectPay provides payment protection contractors across the building supply chain.
-
Sector Press Releases
- Manchester Construction Networking Event
We hosted a construction-focused networking event on the rooftop terrace of Great John Street Hotel.
- Green shoots showing for Construction
The latest IHS Markit/CIPS Construction PMI figures have been released, showing a resurgence to growth for the industry.
- Prevail celebrates success at the UK Infrastructure Show
Prevail had a fantastic day at the UK Infrastructure Show. Even the sunshine made an appearance.
- A collaborative platform for AFPs – Can technology finally deliver?
New technology and streamlined applications for payment makes collaboration in construction a reality.
- Strong housebuilding growth boosts construction industry
This is according to the latest figures from the Office of National Statistics.
- Reaction to the latest Markit/CIPS UK construction PMI for April
The Vinden Partnership says industry growth a result of investment in infrastructure.
-
Sector Case Studies
- A Brave New World – Video Mediation
How can we mediate if face-to-face meetings are not allowed? Mediation is routinely taking place
- Coronavirus and the time for completion of construction contracts
Peter Vinden, CEO of Gateley Vinden, explains why contractors need to know where they stand
- Adjudication for Specialist Sub-Contractors – Sharing the risk – “Fee Flex”
Peter Vinden, CEO of Gateley Vinden, explains his Fee Flex approach to assisting specialist sub-contractors
- A gift from Singapore – The Enforcement of International Mediated Settlement Agreements
What happens if your dispute is with a party that is based in a different
- Hide and Seek and Adjudicators
Peter Vinden of The Vinden Partnership on the lengths contractors go to to avoid the
- Adjudicator slips, errors and cock-ups!
Every adjudicator is prone to the human condition of making slips, errors and mistakes from