Costain order book swells to £2.6bn

Aaron Morby 12 years ago
Share

Costain is well-placed to ride out the sharp downturn in construction being predicted for the next two years.

The firm reported its order book now stands at £2.6bn, helped by the £400m London Bridge Station rebuilding job awarded last week.

As well as including in excess of £600m revenue for next year, the order book also provides good long-term visibility with over £1.8bn of revenue secured for 2013 and beyond, Costain said in a trading statement this morning.

The engineering and construction contractor said it continued to have strong preferred bidder positions, which has been maintained at around £400m.

Integration of recently-bought contracting businesses Promanex and Clerk Maxwell is going ahead to plan as part of a strategy to establish a stronger position in the power, pretrochemicals and nuclear sectors.

Andrew Wyllie, Costain chief executive, said: “While challenging market conditions are set to continue for the foreseeable future, the board expects to report results for the year in line with its expectations.”

Latest news

Bouygues/Murphy JV confirmed for £2.3bn Thames tunnel job

BMJV clinches 4.2km Lower Thames Crossing road tunnel job
2 days ago

Berkeley keeping close eye on subbies as market softens

Supply chain insolvency now bigger threat than build cost rises
1 day ago

Roofing firm fined £881,000 after double fall

Court hears of two falls on sites involving same contractor
2 days ago

Plans in for £450m Coventry city centre regeneration

Work is expected to start next summer on City Centre South scheme
1 day ago

Galliford Try to upgrade Red Arrows base

Contractor seals quartet of RAF base upgrades
1 day ago

Strabag tunnel drive in Yorkshire sets new world record

Woodsmith potash mine tunnelling project to be included in Guinness World Records
2 days ago

McLaren and Arlington to develop York Central site

Developer deal signed for one of the UK’s largest city centre regeneration schemes
2 days ago

Watkin Jones plans 36-storey Glasgow tower

The Ard student rooms scheme will be Glasgow's second tallest building
2 days ago

Balfour Beatty on track for solid set of results

Country's largest contractor on course to meet financial targets
2 days ago

Brymor Group Southern heads for CVA

Hampshire builder applies for Company Voluntary Arrangement with its creditors.
2 days ago

Former Costain transport chief joins Aecom

Sue Kershaw takes up US-based vice president job with consultant
3 days ago

Industry’s best construction managers revealed

More than 80 now in the running for delayed awards: Full list
3 days ago

Materials prices plummet as housing demand slumps

Buyers report biggest fall in purchasing costs for 14 years
3 days ago

Welsh contractor Andrew Scott targets £90m turnover

Profit and revenue up at Port Talbot-based civils and building firm
3 days ago

M-AR buyer starts round of redundancies

30 jobs at risk after modular firm bought out of administration
3 days ago

First HS2 viaduct completes deck beam installation

EKFB completes beams for first of project's 50 major viaducts
3 days ago

Fatal accident at Laing O’Rourke Oxford site

Work suspended on site after tragedy
4 days ago

Homes lead the way as Bancon Group boosts turnover

Homes and contracting group looking to further growth in 2024
3 days ago

L&G Modular Homes scheme replaced by traditional build

Wolverhampton council chooses new partner and build method for £150m project
3 days ago

£33m Plymouth city centre homes scheme approved

Spring start for Bath Street scheme in Millbay regeneration area
3 days ago

Balfour renews £330m Lincolnshire highways deal

Firm will use its new operational control hub to promptly address network issues
4 days ago

Three Caledonian Modular-built schools to be demolished

DfE confirms Essex, Somerset and Northampton schools will be bulldozed and rebuilt
4 days ago

Gilbert-Ash takes £30m Tate Liverpool revamp

Work to start in the New Year on remodelling of iconic 1846 warehouse
4 days ago

HS2 Solihull mass transit enabling works out to bid

Bidding for £60m main works to start early next year
4 days ago

Modular health specialist Vanguard rescues M-AR

Deal with administrators sees Vanguard add production capacity with 100,00 sq ft offsite factory
4 days ago

Torsion forms JV to build £90m Leeds resi tower

Construction to start in January on one of Leeds' tallest towers
4 days ago

Approved change to concrete ‘recipe’ to slash carbon emissions

New approved concrete mixes will be able to blend finely ground limestone and fly ash
5 days ago

Network Rail unveils Cardiff South Central masterplan

Plans being drawn up for major housing-led mixed-use scheme
5 days ago

McLaren Living to revamp Watford police station site

Developer to submit plans for a major mixed-use development
5 days ago

National Grid £12.8bn HV civils framework hits market

Firms needed for major power line links and high voltage direct current converter stations
5 days ago

Contractor services