HS2 projects dominate the league tables despite reported delays
Author: Ross Sturley, CIMCIG
At first position in the Barbour ABI Top 50 Contractors league table for September 2019 is Galliford Try, jumping up 21 places with a massive 17 contracts awarded valued at a total of £965 million. Major awards came from Highways England with two schemes totalling £500 million for major road improvement works.
Balfour Beatty took the runners up spot thanks largely to its involvement in the HS2 West Old Oak Common Central Transport Super Hub with a total contract awards value of £550 million. It was also awarded a £50 million contract for power works at the former Littlebrook Power Station in Dartford. Vinci finished in third place, again being awarded a package on the HS2 project alongside Balfour Beatty. Their 4 awards totalled £540 million.
The latest edition of the Top 50 League Tables, just published by industry analysts Barbour ABI, highlights the number and value of construction contracts awarded during September. This month shows that the combined value of contracts awarded to the Top 50 was £4.2 billion and a total of 157 projects.
Sat at the top of the 12-month rolling table is Balfour Beatty Group with total project values of £1.9 billion made up of 50 projects. In second place is Galliford Try Construction with a total of 90 projects with a combined value of £1.8 billion.
Tom Hall, Chief Economist at Barbour ABI & AMA Research said, “Despite the announcement of HS2 delays of up to 7 years from the transport secretary last month, much of the more notable league table activity for September were a result of HS2 related contract awards. Not only has it catapulted Balfour Beatty and Vinci into the top three contractors, HS2 were the top client for September and Wilkson Eyre Architects were the top architects firm who are also involved in the HS2 project.”
Download the full report here: https://ubm.io/2WBolhM