BuildUK and Builders Conference have published the latest information on contracts and tender opportunities. Pre-coronavirus between July 2019 and March 2020, the number of contracts awarded each month averaged 587. In July 2020, there were 430 contracts awarded, which was a slight improvement on the 415 contracts awarded in June, but 27% below the average and 30% less than in July 2019.

The value of contracts awarded in July increased by 50% to £5.4 billion, compared to £3.6 billion in June, which was primarily driven by two large mixed-use development contracts with a combined value of £1.7 billion. Even with these two contracts, the value in July is still 13% lower than the monthly average of £6.2 billion between July 2019 and March 2020. Excluding these two contracts, almost half of all the contracts awarded were housing projects (180 projects with a combined value of £1.7 billion). There were then 38 office projects worth £554 million and 23 health and welfare projects with a total value of £333 million.

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There was a modest increase of 15% in the number of tender opportunities, up from 303 in June to in 349 in July. However, this is still 49% below the monthly average of 682 projects available for tender between July 2019 and March 2020 and 60% lower than July 2019.

At present, there are just 162 tender opportunities available until the end of October 2020, according to Builders’ Conference.

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