Contract awards drop by almost £1bn in November, Glenigan data says

Clients handed out around £4.3bn of construction work in November – down by £1bn from the month before, Glenigan data has revealed.

The figures (see Building Boardroom) reveal that the most work was awarded in the industrial sector, with firms here inking deals worth just under £820m – or around 19% of all work awarded in the month.

After industrial, the next most prolific sector was social housing, with clients here awarding firms £556m of business.

This was followed by those in the private housing and utilities sectors, at around £447m and £413m respectively.

A £150m contract from Inch Cape Offshore, was the most valuable award of the month, with Boskalis handed the deal to build a wind farm in Westhill, Scotland.

The wind farm, which will comprise of up to 72 wind turbines, is yet to acquire detailed planning approval.

Meanwhile, the data also revealed that almost £11bn worth of projects were approved in November, up 26% on the £8.7bn approved in October.

The utilities sector was the market with the highest value of projects given the green light, with permission secured for 64 schemes worth almost £3.76bn.

After utilities, private residential achieved the second highest value of approvals at just over £2.62bn, followed by industrial at £1.24bn. 

* private housing awards data refers to external contracts only and does not include frameworks

** projects awarded by a joint venture are listed independently to both single party clients