Contract-signing gold mine sees Wates leading league table

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After a month in which the company made more offers and received more acceptances than its rivals, Wates is once again the leader in the agreement league.

After leading the agreement league table in March with 14 projects totaling $419m, the Surrey-based company signed 14 deals worth a collective $266m in May. In April, it ranked sixth with 88.7 m in tasks completed.

In May, new projects included the Guild Living retirement community in Walton-on-Thames, Surrey, with an estimated cost of 72 million. The regional council said the 222-home plan would hurt the “vigour” of the town centre, but an inspector approved it on appeal.

In addition, building intelligence firm Glenigan reports that a 61.5 m, 17,000 square metre workspace layout located at 9 Wellington Place in Leeds City Centre was one of the day’s other major victories. MEPC, a financial institution specialising in commercial and residential real estate, is constructing the 12-story building.

Leading 10 specialists, May 2023
RankProfessionalOffers₤ m
2Royal Bam5248.2
3Multiplex Europe1200
5Hill Partnerships1112.9
6McAleer & & Rushe183.5
7Morgan Sindall2279.2
8Sir Robert McAlpine476.6
9Tilbury Douglas772.7
10Willmott Dixon969.3
League tables undergo modification

Wates jumped three spots on the annual specialised league table after the latest round of bids, moving past Balfour Beatty and Morgan Sindall and replacing Mace in second place.

Bam came in at #2 for the month after signing 5 contracts worth a total of $248m. Typhoo Wharf, a mixed-use development in Birmingham that will become the BBC’s new local house, is expected to bring in £200 million for the Dutch contracting business.

Despite just landing one new job in May, a 200 million contract to build a new 10- and 12-story office development in Holborn Viaduct for Royal London Asset Management, Multiplex ranked third in the month’s rankings.

Hill Partnership’s 112.9 m consultation to provide the current stage of the Aylesbury Estate redevelopment in south London for Notting Hill Genesis, which landed it in fifth place, and McAleer & & Rushe’s offer to construct a 770-bed trainee real estate block in Wembley for Greystar, which landed it in sixth place, were two other notable agreements signed last month.

With 15 contracts worth a total of 182 million pounds, Kier ranked fourth in the monthly table. Seventh on the list, Morgan Sindall, won more contracts than any other company in the top 50.

Holcim, a Swiss-French multinational with a revenue of 24 bn, received three civils contracts last month totaling 67.7 m, more than Tarmac ( 55.3 m) and Balfour Beatty ( 45.8 m).

Leading 10 specialists, year to May 2023
RankSpecialistOffers₤ m
3Morgan Sindall3431,994.30
4Balfour Beatty481,971.10
6Willmott Dixon1191,390.10
7Royal Bam471,341.20
9Galliford Try1281,270.80
League tables undergo modification

Kier maintained his year lead with 166 offers for 2.84 billion pounds sterling. Morgan Sindall came within a single spot of taking bronze, with 343 contracts worth 1.99 bn, just behind Wates’, which climbed from sixth to second with 132 projects worth 2.08 bn.

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