The latest Top 50 Contractor League Table for December has just been published by Barbour ABI, as Balfour Beatty climbs to the top with £297m worth of contracts
The latest edition of the Top 50 Contractor League Table highlights the number and value of construction contracts awarded during December 2019. It shows that the combined value of contracts awarded to the Top 50 was £2.0bn with a total of 104 projects.
Balfour Beatty took the top spot of the Contractor League Table in December with three contract awards totalling £297m. The award of the Midland Metropolitan Hospital in Smethwick, a project that was originally contracted to Carillion, contributed £267m to their total.
This month the top three contractors have been awarded a combined 17 projects at a total value of £563m. But, in November the top three were awarded a total of 15 projects valued at £781bn.
Balfour pips Galliford to the post
Balfour Beatty just pipped Galliford Try to the post for the top contractor in 2019 following a lucrative December.
Balfour Beatty finished the year on a total of 47 projects with a combined value of £1.75bn, while Galliford Try completed the year on 82 project awards at a total value of £1.7bn.
Tom Hall, chief economist at Barbour ABI & AMA Research, said: “Interestingly this month, the top contract award for December was a project that had initially been awarded to Carillion back in December 2015.
“Activity numbers in both value and quantity were low in December, perhaps this is to be expected due to companies awaiting the outcome of the General Election, uncertainty of the Brexit outcome, and seasonal effect.”
Q4 of 2019
Quarterly figures indicate that construction activity in the final quarter of 2019 was down compared to the previous quarter.
October-December 2019 saw a total contract award value of £9.2bn to the top 50. This is a decrease of 9.8% compared with July-September 2019. There was also a decrease of 8.9% on the number of projects awarded in Q4 compared to Q3.