The latest information from Builders’ Conference shows that 490 contracts worth £5.8 billion were awarded in March. Whilst the number of contracts increased for the third month in a row, the value dipped again but was only just below the monthly average for the past year (£6.1 billion). 69% of all the contracts awarded by value were in the private sector. Overall, there were 161 housing projects worth £1.9 billion (34%), the largest of which was a £350 million project to build 30 residential units with a swimming pool and gymnasium in Westminster; 62 office projects totalling £1.1 billion (19%); and 57 education projects worth £567 million (10%).

The number of tender opportunities (359) was slighter higher than the previous month (352) but still 43% below the monthly average for the past year.


Builders’ Conference CEO Neil Edwards looks back over a mixed month