{"id":86756,"date":"2020-12-18T10:33:52","date_gmt":"2020-12-18T10:33:52","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=86756"},"modified":"2020-12-18T10:33:52","modified_gmt":"2020-12-18T10:33:52","slug":"construction-contract-awards-6","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/construction-contract-awards-6\/86756\/","title":{"rendered":"Construction contract awards rise by 0.2% in November"},"content":{"rendered":"

The total value of construction contract awards in November 2020 was \u00a34.9bn based on a three-month rolling average, according to\u00a0Barbour ABI<\/a><\/h2>\n

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

This is a marginal (0.2%) increase on October<\/a> but is 9.1% lower than for November 2019.<\/p>\n

\"\"<\/p>\n

Contract award numbers decreased by 17.9% this month to 715 compared with 871 in October. Annual comparisons show a 16.4% decrease compared to 855 contract awards for November 2019.<\/p>\n

In November, London was the leading region with 16.8% of awards and a total of 77 projects.<\/p>\n

The North West was only slightly behind accounting for a share of 16.3% of awards and a total of 98 projects.<\/p>\n

\"\"The third-largest region this month was the South East with 13.9% of awards.<\/p>\n

Analysis by sector indicates that residential maintained lead status in November accounting for 38.9% of awards.<\/p>\n

With 19.1% of awards, infrastructure was the second largest sector this month whilst in third place commercial & retail held share of 16.3%.<\/p>\n

Raising hopes of a return to normality<\/h3>\n

Tom Hall, chief economist at Barbour ABI and AMA Research, said: \u201cThe in-month value of contract awards in November was \u00a33.9bn.<\/p>\n

\u201cThis is less than the historical average and is consistent with our previous assessments that, since the first UK-wide lockdown<\/a>, the construction industry has returned but at lower levels than previously.<\/p>\n

\u201cThe rollout of the Covid-19 vaccine has raised everyone\u2019s hopes of a return to normality at some point in 2021.<\/p>\n

“But in the meantime we will have to manage many downside risks: a thin Brexit deal at the very best, higher unemployment and continuing movement restrictions over winter and spring.\u201d<\/p>\n

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

The total value of construction contract awards in November 2020 was \u00a34.9bn based on a three-month rolling average, according to\u00a0Barbour ABI.<\/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":[825,676,54592,997,908,283,579,947],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-86756","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-coronavirus","10":"tag-development","11":"tag-economy","12":"tag-finance","13":"tag-infrastructure","14":"tag-london"},"acf":[],"yoast_head":"\nConstruction contract awards rise by 0.2% 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