The latest information from Builders’ Conference shows that both the number and value of contracts have increased month‐on‐month since the start of this year. One year on from the start of the coronavirus pandemic, there were 621 contracts worth a total of £9.2 billion awarded in March. It is the fourth month in a row where the value has exceeded the monthly average of £6.0 billion in the year prior to coronavirus between April 2019 and March 2020. 42% of all the contracts awarded by value were housing (£3.9 billion), with road projects making up 13% (£1.2 billion) and entertainment and leisure projects 6% (£751 million).
The number of tender opportunities increased compared to the previous month but remains 25% below the monthly average pre‐coronavirus.