{"id":51519,"date":"2019-01-24T14:19:46","date_gmt":"2019-01-24T14:19:46","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=51519"},"modified":"2019-01-24T14:19:46","modified_gmt":"2019-01-24T14:19:46","slug":"construction-contracts-down","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/construction-contracts-down\/51519\/","title":{"rendered":"Construction contracts down 13.1% during 2018"},"content":{"rendered":"

The value of all construction contracts awarded in the UK in 2018 was \u00a361.6bn, which is a decrease of 13.1% on the previous year<\/h2>\n
\"construction
Figure 1.1<\/figcaption><\/figure>\n

Contracts awarded also continued on a downwards trend with 10,352 awarded during 2018, a decline of 8.2% on 2017<\/a> and 16.8% down from the 2014 peak of 12,440. However, the planning pipeline remains positive with infrastructure particularly strong with 113% increase on 2017.<\/p>\n

The latest edition of the Economic & Construction Market Review<\/a> from industry analysts Barbour ABI<\/a> highlights levels of construction contract values awarded across Great Britain throughout 2018.<\/p>\n

The residential sector had the highest proportion of contract awards by value in 2018 with 37% share, which is an increase of 2% on 2017. (see fig 1.1.)<\/p>\n

Infrastructure was the second largest sector for contract awards in 2018 with 21% share, a decrease of 9% on 2017. (see fig 1.1)<\/p>\n

Infrastructure will remain strong in 2019<\/a> and beyond due to the commencement of HS2 projects in the rail sector with further investment in electricity distribution and generation also forecast to continue.<\/p>\n

Looking regionally, London had the highest share of contracts awarded in 2018 with a 19.4% share, down slightly from 20% in 2017.<\/p>\n

The South East<\/a> had the second highest share of contracts awarded by value in 2018 with 12.1% share, which is 0.1% higher than for 2017. In third position, the North West accounted for 11.8% of contract awards in 2018 which is a 0.2% decrease on 2017.<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

The value of all construction contracts awarded in the UK in 2018 was \u00a361.6bn, which is a decrease of 13.1% on the previous year.<\/p>\n","protected":false},"author":20,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[825,676,908,283,579,639],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-51519","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-barbour-abi","8":"tag-construction","9":"tag-economy","10":"tag-finance","11":"tag-infrastructure","12":"tag-procurement"},"acf":[],"yoast_head":"\nConstruction contracts down 13.1% during 2018<\/title>\n<meta name=\"description\" content=\"The value of all 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