The latest information from Builders’ Conference
shows that 451 contracts worth £6.1 billion
were awarded in February. Whilst the number of contracts increased again, the value dipped slightly, although it was consistent with the monthly average over the last year (£6.2 billion). 78% of all the contracts awarded by value were in the private sector. Overall, there were 152 housing projects worth £2.4 billion (39%), the largest of which was a £320 million project to build over 1,200 homes in Watford; 64 office projects totalling £684 million (11%); and 56 education projects worth £524 million (9%).
The number of tender opportunities was 9% lower than the previous month and 49% below the monthly average for the past year.