Balfour Beatty kicks off 2014 in style
Balfour Beatty has kicked 2014 off in style after being named as the leader of the January contract league.
The company was ranked top of the chart, compiled by
Glenigan and published by Construction Enquirer, for January after securing 17 contract worth £469.1 million. This over double the £206.5 million generated by
Willmott Dixon's 21 agreements while third placed
Laing O'Rourke raised £183.1 million but this was only from two deals.
Balfour's strong performance over the course of January has added to its dominance of the past 12 months. It has been ranked top of 100 contractors for the year up to January 2014, during this period it has landed 166 contract with a total value of
£2,062.7 million. Like with the opening month's figures, the company was a long way ahead of second placed
Kier and third placed Royal
The company has enjoyed some significant success over January and secured a series of high profile contracts. Just after the turn of the year Balfour managed to land the agreement to transform the Queen Elizabeth Olympic Park Stadium. It managed to fend off competition from the likes of Sir Robert McAlpine, ISG, Buckingham and Shepherd to secure the development.
Stratford's Olympic Stadium played host to the London 2012 Olympic Games and saw a number of glorious moments for Team GB but it is now set to be the new home of West Ham United FC. The east London club was selected as the preferred bidder following a long running battle with both Tottenham Hotspur and Leyton Orient to gain the rights for the new stadium.
Speaking about landing the Olympic contract, Andrew McNaughton, Balfour Beatty chief executive, said: "During construction, our firm commitment to the use of local labour and the creation of apprenticeships will continue to benefit the local community and the wider industry and, upon completion, the stadium will provide a first-class sporting and cultural facility for many generations to come."
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Date: 11/02/2014 16:23:00
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