Dip in Construction Activity

The latest information from Builders’ Conference shows that there were 454 contracts worth £4.7 billion awarded in August. Whilst this was lower than the previous month as the industry had its traditional and well‐deserved summer break, both the number and value of contracts awarded this August were higher than August 2020, indicating that construction’s recovery is holding steady. 41% of all the contracts awarded by value were housing (£1.9 billion), 16% were office projects (£754 million) and 9% were education projects (£407 million).
 
The number of tender opportunities was 22% down on July and remained 40% below the monthly average for the past year.