Latest News Thu, Mar 11, 2021 10:04 AM
In February 2021, contract awards increased by 11% compared to January to £4.7 billion, this remains below average levels, but underlying activity has increased as no single project was valued over £200 million.
Similarly to January, distribution centres make up two of the top four contract awards.
The latest edition of the Economic & Construction Market Review from industry analysts Barbour ABI, highlights levels of construction contract values awarded across Great Britain.
Sector analysis shows that residential strengthened in February to £1.9 billion with strong activity in the West Midlands. Infrastructure also picked up, rising £78% to £900 million following a disappointing January. The largest infrastructure projects are the National Grid LNG terminal expansion in Kent and the M25 Junction 28 improvements in Essex.
The industrial sector, led by warehousing, continued as the hottest sector, with two of the top four projects being distribution centres: a distribution hub in Wakefield worth £186 million and a Lidl distribution centre in Bedfordshire with a value of £100 million.
Tom Hall, Chief Economist at Barbour ABI and AMA Research said: “There was not a huge amount to see in February as planning activity was maintained; no pre-budget optimism to be seen.
“Contract awards strengthened slightly while planning applications and approvals weakened. Approvals particularly are looking fragile. Elsewhere the significant activity in warehousing and distribution continued, and infrastructure contract awards returned to previous levels after a weak January.”
Featured News
Thousands of new homes to be built as part of the government’s plans to get the...
The Architecture MasterPrize (AMP) is proud to announce the winners of its 2024...
BUILDING PRODUCT LIBRARY - LATEST BROCHURES
Novantica - Cement F...
By Fassa Bortolo
Fassatherm System -...
By Fassa Bortolo
Fassarend System - P...
By Fassa Bortolo
Fassalime System - P...
By Fassa Bortolo
Sport England’s Perf...
By Passivent
BUILDING PRODUCT DIRECTORY - LATEST PRODUCTS
Straightcurve® – headquartered in Australia, is renowned for high-end innovative garden edging,...
The Kingspan RLG600 raised access floor panel is intended for light office use and is capable of...
Kingspan RHG600 Simploc is the heavy grade floor system, capable of handling up to a 12kN/m2...
CONSTRUCTION VIDEOS - LATEST VIDEOS
“Building with stone wool insulated sandwich panels” written by Professor Imperadori, is now...
Portakabin | Installation at the iconic Admiralty Arch, London