LEND LEASE LEADS CONSTRUCTION 100

CORDELL Information and the Housing Industry Association have released the Construction 100 list for 2013 to 2014, with Lend Lease Group still in the lead.

The report gives a detailed overview of the engineering construction and non-residential building sectors with a profile of the largest 100 companies in these sectors.

Brisbane-based Thiess Pty Ltd came in second with a total of $2.88 billion worth of contracts in 2013/14, spread across the civil engineering and mining sectors with modest input in the community sector.

Third place was taken by Brookfield Multiplex with a total win of $2.51 billion contracts across commercial, community, mining and flats and units sectors.

Housing Industry Association chief economist Harley Dale says the largest Australian non-residential construction companies have been awarded construction work contracts valued at a total of $38.4 billion.

“This result for the Construction 100 represents 29 per cent of the total value of construction work commenced, up from 21 per cent last year,” says Dale.

Lend Lease Group is still towering from last year with a total contract win of $4.94 billion spread across six different category sectors, whereas 44 per cent went to civil engineering projects.

Dale says the results for Construction 100 2013/14 highlight coming transition in non-residential construction.

“The value of work done by the non-residential construction industry increased by 2.0 per cent over the 12 months to March 2014, while the value of contracts won by the Construction 100 over that period rose by 7.3 per cent. 

“The value of contracts won by the Construction 100 companies in 2013/14 reflects the rebalancing act which is now taking place.”

Dale says there needs to be a “greater awakening” in business investment in the country, with a focus on non-residential construction amid the decline in the resource sector.