Value of contracts drop by over £1bn in August, Glenigan data says

Clients handed out around £5.1bn of construction work in August – 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 commercial sector, with firms here inking deals worth just under £1.3bn – or around 21% of all work awarded in the month.

After commercial, the next most prolific sector was private housing, with clients here awarding firms £929m of business.

This was followed by those in the infrastructure and social housing sectors, at around £777m and £468m respectively.

Meanwhile, the data also revealed that £7bn worth of projects were approved in August, down 19% on the £8.69bn approved in July.

The private housing sector was the market with the highest value of projects given the green light, with permission secured for 290 schemes worth almost £2.52bn.

After private residential, industrial achieved the second highest value of approvals at just under £2bn, followed by commercial at £848m. 

Overall, the client to receive planning permissions with the highest value was the Gateway 14. It had one industrial scheme worth £687m given the green light, a major industrial park in Norwich.

* 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