Construction UK Construction Directory
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
24/06/2016

Over £6.1bn Construction Contracts Awarded In May

Construction News Image
Over £6.1 billion of UK construction contracts were awarded during May, it has been announced.

According to industry analysts Barbour ABI, the figure represents an 8% increase compared to the same period in 2015.

Scotland was the top region for construction contract value in May, helped by the commissioning of the £1.3 billion Beatrice offshore wind farm in the Moray Firth.

Infrastructure performed strongly as well, leading all sectors with £2.9bn worth of contracts and 39% of the industry total. Commercial & retail also increased its monthly market value by 24% to £877 million.

-- Advertisement --
hss

However, the residential sector's contract value decreased by 17% compared to April, while the number of units increased by 14%. Barbour ABI said this could be due to more 'affordable' homes being awarded within the month.

Michael Dall, lead economist at Barbour ABI, said: "With May figures hovering around the £6 billion mark, similar to the previous two months, this indicates a stable construction market that is looking towards the long term, with little sign of worry from today's EU referendum vote. However if Brexit does take place this is likely to cause a significant change in outlook at least in the short term with the likelihood of a reduction in activity.

"What is telling is the increase of contract values in May from the infrastructure and commercial & retail sectors, both traditional construction benchmarks that when performing well, give a solid indication that the industry as a whole is moving positively."

(LM)

Latest Construction News

25/11/2024

Estilo Interiors has been selected to help Bruntwood SciTech as they invest a further £2.4 million into Birmingham as part of a plan to transform its Mclaren innovation hub. The project, located less than five minutes' walk from the future HS2 Curzon Street Station, will involve the building ...
25/11/2024

Cambridge Investment Partnership (CIP) has reached a significant milestone at Aylesborough Close in Arbury, with the completion of a topping-out ceremony. CIP board members, ward councillors, One Public Estate, Homes England and the CIP team gathered to lay the final brick at the highest point of ...
25/11/2024

Lovell has appointed Nicola Colley as head of land in the West Midlands, boosting the business' expertise in land opportunities. Having previously worked at Lovell for 12 years, Nicola has returned to a brand-new role at the national housebuilder, bringing with her experience from Taylor Wimpey ...
25/11/2024

Stepnell has commenced enabling works for a significant £9 million refurbishment of the Grade II listed Town Hall in Hugh Town, located on St Mary's in the Isles of Scilly. Spearheaded by the Council of the Isles of Scilly in partnership with Scilly Arts & Heritage, the project marks a pivotal ...
25/11/2024

Morgan Sindall Construction has successfully completed the restoration of West Bromwich Town Hall and Library, restoring the significant building to its former glory for the community to enjoy. Prior to the project's handover, Morgan Sindall gave a presentation to the SMBC Members and Town ...
25/11/2024

Persimmon Homes Severn Valley has donated 10,000 bricks to AccXel, the Construction Skills Accelerator Centre in Cinderford. The contribution will enable students at the Gloucestershire-based facility to gain hands-on experience and develop essential skills for the construction industry. The ...
25/11/2024

Nearly a year after work began, significant progress is being made at Huddersfield station as part of the Transpennine Route Upgrade (TRU). This transformative project aims to modernise the key northern transport hub while preserving its rich heritage as a Grade I listed building. One of the ...
25/11/2024

Renovating a property can be a challenging and complex process, especially when integrating new and existing building elements. At R Elliott Associates Ltd, we specialise in helping clients navigate these challenges by providing expert planning, design, and support to pre-empt any potential ...
25/11/2024

Northumbrian Water has announced a significant investment of £3.5 million at its Great Ayton Sewage Treatment Works (STW) to enhance its capacity to manage stormwater. The project involves the installation of a new storm tank capable of holding up to 317 cubic meters of combined rainwater and ...
25/11/2024

Balfour Beatty Flannery, a partnership between Balfour Beatty and Flannery Plant Hire, has trained its 1,000th student at its Operator Skills Hub. With over 250,000 additional workers needed in the construction industry by 2028, Balfour Beatty Flannery's Operator Skills Hub is key in addressing ...
Aqua Direct LtdBRICOFLOR UKThink Construction Skills Ltd.Lakeside HireT & D Glazing And Installation LimitedEfco UK LtdStuart CanvasLorryLoader Training LtdTuff Workwear LtdBuckleys Mobile Crane Services
Terms and Conditions
2024/11/26 11:31:48