The top 50 contractors in January were awarded £5.5bn of construction contracts, as the Riverlinx Consortium took the top spot with a single award of £1bn
The Riverlinx Consortium is made up of Aberdeen Standard Investments, BAM PPP PGGM, Cintra, Macquarie Capital and SK E&C. Its project to deliver the Silvertown tunnel scheme in London catapulted the consortium to the top of the top 50 contractors.
Silvertown will be the UK’s first major road tunnel to include a dedicated bus line in both directions. This hopes to improve cross-river public transport connections, with around 37 buses an hour during peak periods in each direction using the tunnel.
Mace and Skanska came in second and third place for January 2020, with a total contract award value of £400m and £260m respectively. This month, the top three contractors have been awarded a combined four projects at a total value of £1.66bn.
Value of projects up 178%
The most recent edition of the Top 50 League Tables published by industry analysts Barbour ABI, reveals the number and value of construction contracts awarded during January. January data shows that the combined value of contracts awarded to the Top 50 was £5.5bn with a total of 182 projects.
The overall value of all projects awarded to the top 50 contractors is up by 178% compared to December 2019 when the total value of projects was just £1.98bn. The total quantity of projects also increased by 75% from December to January, suggesting that there have been both a number of high-value contract awards as well as an increase in the number of contract awards.
Tom Hall, chief economist at Barbour ABI & AMA Research, said: “Activity has increased in January considerably compared to the latter months of 2019. However, these figures have been boosted by several major projects.”
