Sir Robert McAlpine took the top contractors spot this month with five contract awards totalling £561 million. A mixed development at Gateshead Quays contributed £250 million to the total.
BAM Construction and Vinci Construction were in second and third place for November 2019 top contractors, with a total contract award value of £122 million and £98 million respectively. This month, the top three contractors have been awarded a combined 15 projects at a total value of £781 million. In October, the top three were awarded a total of nine projects valued at £1.4 billion.
The overall value of all projects awarded to the top 50 contractors is down by 39.6%. The total value in October was £4.5 billion, and in November it was £2.7 billion. The total quantity of projects also decreased by 20.3% from October to November. Suggesting that the volume of projects awarded has dropped but that the value of those projects taking place has decreased more significantly.
November was a particularly quiet month for high value contract awards amongst the top 50 contractors. A significant drop in value from October suggests a cautious approach towards awarding big ticket projects during an uncertain period.