Home News Construction contract values grew by 9.9% in January

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The latest edition of the Economic & Construction Market Review from industry analysts Barbour ABI highlights shows that the total value of construction contracts awarded in January 2019 was £5.5 billion which is 9.9% higher than December 2018 figures. 

The residential sector was the largest in January 2019 with a 28% share, followed by infrastructure with a 21% share and the commercial & retail sector with a 20% share. 

The largest contract awarded in January was the £400 million Paddington Cube in Paddington Square, London within the commercial & retail sector. This development covers 49,676 sq m of office and retail space and was awarded to Mace.

The second largest contract awarded was within the hotel, leisure & sport sector for the Manchester Town Hall redevelopment valued at £330 million and Hinkley Point C Connection Project was the third largest contract awarded to provide an overhead power line to connect Hinkley with substations in Bridgwater and Avonmouth. This has been valued at £214 million and was awarded to Balfour Beatty.

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