Wates, Taylor Wimpey and Kier top Construction ranking
Wates Group tops Tussell's new ranking of Construction suppliers in Q1 2018, picking up a total of £828M worth of awards. This was largely driven by a single £800M contract issued by the London Borough of Havering to act as development partner for the Havering Estate regeneration project. The contract is due to run for at least 15 years.
Other leading suppliers included Taylor Wimpey in second place, Kier Group third, Arup fourth and WSP fifth.
Top 10 Construction suppliers by award value (Q1 2018)
Govt continuing investment in infrastructure
With more than 3,000 Construction contracts issued in Q1 2018, the public sector is fulfilling its pledge to invest in infrastructure. A number of the largest Construction contracts in Q1 related to housebuilding – a sign that we are seeing long overdue action on the housing crisis?
£300M of Construction awards expire in next 12 months
Looking forward, more than £300M of Construction awards are due to expire in the next 12 months – presenting significant opportunities for firms of all sizes if these are replaced with new contracts.
A further 224 frameworks (essentially preferred suppliers lists) worth up to £3.7B are due to expire. Securing a place on future frameworks is crucial for firms looking to win work through ‘call-off’ awards.
Top 5 expiring frameworks (next 12 months)
|Contracting Authority||Title||End Date||Value|
|Cabinet Office/CCS||Project Management and Full Design Team Services||19/05/2019||£2.9B|
|Sovereign Housing Group||Sovereign Development Consortium Main Contractor Framework 2015||01/04/2019||£320M|
|Hyde Housing Group||Modern Methods of Construction Framework Agreement||01/11/2018||£100M|
|Milton Keynes Council||Framework Contract for Structural, M&E Engineering and Associated Professional Services.||01/10/2018||£80M|
|Gloucestershire County Council||Contractor Partnering Framework Agreement: Major Construction Works||16/06/2019||£45M|