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MoD PFI gets Kvaerner to the top
00:00 21 Jun 2000
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A wealth of major PFI schemes ensured May produced the highest
value of new orders so far this year. James Atkinson reports. May
was a good month for construction with the total of new orders won
heading towards the £2bn mark -easily the highest total for
the year so far.
Private commercial orders passed £1bn alone, proof that this sector remains the engine of construction growth. However, it was the Private Finance Initiative that really boosted the grand total this month, with several large schemes reaching a financial close.
Other public non-housing doubled its total in May, while infrastructure showed a massive falling off - down by £359m. Private industrial remains the least lucrative sector, dropping by £26m and non-private housing improved slightly to £83m.
Kvaerner was an emphatic winner in May, posting a total that was £220m ahead of Wates in second place. This was entirely due to one huge design and construct contract worth £340m to redevelop and modernise the Ministry of Defence's HQ in Whitehall, London. Kvaerner will renovate four MoD buildings under the private finance initiative project on behalf of Modus Services, the private consortium comprising Amey, Macquarie Infrastructure, Hyder and Innisfree.
Wates had an excellent month. After topping the table in March, it slipped to 10 in April, but has climbed back to claim second place in May. The firm scooped a £70m contract at London's Paddington Basin, a £20m housing contract at various sites for the London Borough of Hackney and an £18m office contract in Farnborough for Legal & General.
Morrison Construction chalked up £115m worth of Other public non-housing orders to secure third place. Bovis Lend Lease claimed fourth place after signing off a £113m contract to refurbish the Treasury building in London's Great George Street under a PFI deal. Bovis is part of the Exchequer Partnership consortium along with Stanhope and Chesterton International.
Tilbury Douglas rose 24 places to five, again thanks to the PFI. The firm managed to close two major PFI deals - it has a £56m contract to construct a new hospital in Port Talbot for Baglan Moor Healthcare NHS Trust and a £46m contract for new build, extension and refurbishment work on several schools in Sheffield for the City Council.
Costain was the sixth and final firm to pass the £100m mark for new orders this month. The contractor secured a £65m framework agreement for waste water and sewerage works with Yorkshire Water, a £16m office job at Northgate House in London for developer MEPC and a £10m contract for work on the lower precinct shopping centre in Coventry for developer Arrowcroft.
Kier remained pretty steady at seven, only inching back one place on April, securing most of its work in the private commercial and Other public non-housing sectors. HBG Construction also dropped back one place, but still pulled in £56m worth of private commercial work.
Sir Robert McAlpine on the other hand shot up 29 places to nine winning all its work in the private commercial market. Morgan Sindall dropped five places to 10 winning no less than 42 new contracts. Bowmer & Kirkland picked up a £7m contract to construct a new call centre in Heywood for PC World.
Mansell and Mowlem were neck and neck at 12 and 13 respectively, while John Sisk had the honour of winning the highest value of new orders in the private industrial sector. Birse's £12m contract to build the Centrica Building in Solihull for Prologis helped it stay in the top 20 at 15.
YJL made a brisk rise of 30 places to reach 16, while Carillion dropped out of the top 10 to hit 17. Balfour Beatty, last month's number one, dropped to 18, bunching together with Shepherd, Barr and Ballast Wiltshier.
David McLean was the highest new entry into the CJ50 at 22, while Cowlin was another new entry at 23, helped along by an £8m contract to undertake laboratory refurbishments for the University of Bristol. Other new entries in the top 30 were Tolent, Rydon and Sol, which scooped a £9.2m contract for David Wilson Homes at Hooleys in Nottingham. Laing posted the biggest drop, lurching from four down to 33.
Private commercial orders passed £1bn alone, proof that this sector remains the engine of construction growth. However, it was the Private Finance Initiative that really boosted the grand total this month, with several large schemes reaching a financial close.
Other public non-housing doubled its total in May, while infrastructure showed a massive falling off - down by £359m. Private industrial remains the least lucrative sector, dropping by £26m and non-private housing improved slightly to £83m.
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Kvaerner was an emphatic winner in May, posting a total that was £220m ahead of Wates in second place. This was entirely due to one huge design and construct contract worth £340m to redevelop and modernise the Ministry of Defence's HQ in Whitehall, London. Kvaerner will renovate four MoD buildings under the private finance initiative project on behalf of Modus Services, the private consortium comprising Amey, Macquarie Infrastructure, Hyder and Innisfree.
Wates had an excellent month. After topping the table in March, it slipped to 10 in April, but has climbed back to claim second place in May. The firm scooped a £70m contract at London's Paddington Basin, a £20m housing contract at various sites for the London Borough of Hackney and an £18m office contract in Farnborough for Legal & General.
Morrison Construction chalked up £115m worth of Other public non-housing orders to secure third place. Bovis Lend Lease claimed fourth place after signing off a £113m contract to refurbish the Treasury building in London's Great George Street under a PFI deal. Bovis is part of the Exchequer Partnership consortium along with Stanhope and Chesterton International.
Tilbury Douglas rose 24 places to five, again thanks to the PFI. The firm managed to close two major PFI deals - it has a £56m contract to construct a new hospital in Port Talbot for Baglan Moor Healthcare NHS Trust and a £46m contract for new build, extension and refurbishment work on several schools in Sheffield for the City Council.
Costain was the sixth and final firm to pass the £100m mark for new orders this month. The contractor secured a £65m framework agreement for waste water and sewerage works with Yorkshire Water, a £16m office job at Northgate House in London for developer MEPC and a £10m contract for work on the lower precinct shopping centre in Coventry for developer Arrowcroft.
Kier remained pretty steady at seven, only inching back one place on April, securing most of its work in the private commercial and Other public non-housing sectors. HBG Construction also dropped back one place, but still pulled in £56m worth of private commercial work.
Sir Robert McAlpine on the other hand shot up 29 places to nine winning all its work in the private commercial market. Morgan Sindall dropped five places to 10 winning no less than 42 new contracts. Bowmer & Kirkland picked up a £7m contract to construct a new call centre in Heywood for PC World.
Mansell and Mowlem were neck and neck at 12 and 13 respectively, while John Sisk had the honour of winning the highest value of new orders in the private industrial sector. Birse's £12m contract to build the Centrica Building in Solihull for Prologis helped it stay in the top 20 at 15.
YJL made a brisk rise of 30 places to reach 16, while Carillion dropped out of the top 10 to hit 17. Balfour Beatty, last month's number one, dropped to 18, bunching together with Shepherd, Barr and Ballast Wiltshier.
David McLean was the highest new entry into the CJ50 at 22, while Cowlin was another new entry at 23, helped along by an £8m contract to undertake laboratory refurbishments for the University of Bristol. Other new entries in the top 30 were Tolent, Rydon and Sol, which scooped a £9.2m contract for David Wilson Homes at Hooleys in Nottingham. Laing posted the biggest drop, lurching from four down to 33.
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