BAM tops contracts league after motorway wins
BAM has topped the July contracts league after its civil engineering business secured two major motorway projects.
In a bumper month for the business, BAM secured the £200m M54 to M6 Toll Link Road project, while its BAM/Morgan Sindall joint venture won the £312m M40/M42 interchange smart motorway scheme.
The wins also lifted BAM through the annualised league rankings from fourth in June to second place in July behind Kier which continues to record the highest value of contract wins. Click for full 100 contractors league Click for full 100 clients league
According to estimates by information specialist Glenigan, the actual number of contract awards dropped to 491 over the three months compared with nearly 677 in the same period last year.
The value of contracts secured remains depressed due to the impact of coronavirus on client confidence but is easing.
Award values in the last three months from May-July were 28% down year on year but have improved from 44% down in April-June returns
Among the other big contract wins for July, Bouygues secured a £156m shell and core job on St Thomas’ Hospital scheme and a separate £80m fit-out contract on the same project, both for Department of Health.
Written by Aaron Morby published on: https://www.constructionenquirer.com/2020/08/12/bam-tops-contracts-league-after-motorway-wins/