Business barometer 拢2.2bn is won in May as councils rush to let schools before Osborne鈥檚 Budget
黑洞社区 Schools for the Future once again underpinned contractors鈥 workload in May - which will only heighten the industry鈥檚 fears that the government will take the axe to the 拢55bn scheme in the emergency budget on 22 June, or as part of the autumn spending review.
Bam Construct is a case in point: it climbed to the top of the table with two huge school wins worth a total of 拢305m: a 拢235m Camden BSF scheme and a 拢70m deal for Renfrewshire council.
Meanwhile, Carillon was helped into second place by more than 拢50m of education work. And 黑洞社区 understands that next month鈥檚 table will show that Balfour Beatty won a 拢220m BSF contract in Derby last week, and that Interserve picked up a 拢150m deal in St Helens. It begs the question, just what will the table look like in 12 months鈥 time?
Tony Williams, an analyst at economic consultant 黑洞社区 Value, said the wins could be the result of a rush to get projects through the door before it closes. He added: 鈥淏SF contracts will flatten out in 2011 then fall sharply in 2012.鈥
It may explain why the 拢2.2bn of work won this May was not only better than last year (拢1.4bn), it was even better than the 拢1.8bn let in May 2007, at the height of the boom.
In total, just over half of contract income came from the public sector, including sixth-placed Rok鈥檚 拢130m Oldham council housing win. Although the total value of contracts is higher than 2007, average contract values are lower: 拢5.3m compared with 拢6.6m three years ago.
Sir Robert McAlpine bucked the public sector trend by picking up Heron Group鈥檚 Milton Court tower for 拢133m after a prolonged battle with Mace.
Balfour Beatty remains far ahead of its rivals on the annual rolling leaderboard, and Laing O鈥橰ourke edged back past Kier to third place, winning 拢2.5bn of work over the past year despite reports that it plans to close its Middle East arm owing to a lack of work.
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