76% of all the contracts awarded by value were in the private sector. There were 156 housing projects worth £2 billion (38%), 60 office projects totalling £527 million (10%), 80 education projects worth £480 million (9%), and 20 industrial projects with a total value of £418 million (8%), including the month’s largest contract for £220 million to build a distribution centre in Sutton Coldfield, on the outskirts of Birmingham.
The number of tender opportunities was slightly higher than the previous month but remained 43% below the monthly average for the past year.
FIS has access to a wide range of market data from sources including the CPA, Barbour ABI and Builders’ Conference. In addition, FIIS produces a state of trade survey specifically for the finishes and interiors sector.