Table of Contents
1. EXECUTIVE SUMMARY 1
2. INTRODUCTION 4
2.1 Definitions 5
2.2 Methodology 6
2.3 Abbreviations 6
2.4 Economic Overview 7
2.5 Market Positioning 11
2.5.1 Health 12
2.5.2 Education 13
2.5.3 Housing 14
2.5.4 Other 14
2.6 Developments 16
2.6.1 Customers 19
2.6.2 Suppliers 19
2.7 Market Factors 19
2.7.1 Social Factors 20
2.7.2 Economic Factors 21
2.7.3 Political Factors 24
2.7.4 Private Finance 25
2.7.4.1 Refinancing 26
3. MARKET SIZE AND TRENDS 27
3.1 Chapter Summary 28
3.2 Market Size 28
3.3 Market Segmentation 32
3.4 Market Trends 35
3.4.1 Public Sector Activity 36
3.4.2 Increased Competition 49
3.4.3 Broadening of Market Sectors 51
3.5 Seasonality of Sales 52
3.6 Regional Sales 56
4. INDUSTRY STRUCTURE 60
4.1 Chapter Summary 61
4.2 Industry Overview 61
4.2.1 Industry Rivalry 67
4.2.2 Threat of Entry 68
4.2.3 Threat of Substitutes 68
4.2.4 Recent Events 68
4.3 Company Profiles 70
4.3.1 Alfred McAlpine 70
4.3.2 AMEC 74
4.3.3 Balfour Beatty Group 79
4.3.4 Birse Construction 83
4.3.5 Bovis Lend Lease 85
4.3.6 Carillion Construction 87
4.3.7 Carillion JM 88
4.3.8 Costain Group 90
4.3.9 HBG Construction 93
4.3.10 Interserve 95
4.3.11 Jarvis 99
4.3.12 John Laing 102
4.3.13 Kier Group 105
4.3.14 Galliford Try Infrastructure (Formerly Morrison Construction) 109
4.3.15 Skanska UK 111
4.3.16 The Miller Group 114
5. FORECAST 117
5.1 Chapter Summary 118
5.2 Background 118
5.3 Market Size 130
5.4 Market Segmentation 133
5.5 Industry Structure 134
6. FURTHER SOURCES & CONTACTS 135
6.1 Trade Associations 136
6.2 Trade Magazines 137
6.3 Other Publications 139
6.4 Trade Exhibitions 139
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List of Tables
1: UK Population, by Age Group, 2007-2046 20
2: Public Sector Capital Expenditure, 2002/03-2006/07 29
3: Signed PFI Deals, 1997-2007 30
4: Payments Under PFI Contracts (Signed Deals), 2003-2007 30
5: Cumulative Total of PFI Deals, by Government Department, 1987-2007 32
6: Signed PFI Deals, by Government Department, 2003-2007 34
7: Largest Capital Value of Signed Deals 35
8: Analysis of the Allocation of the Sustainable Communities £22 Billion Resources,
2003-2006 37
9: Analysis of New Public Housing Construction Output in Great Britain, 2003-2007 41
10: Public Housing Starts and Completions in Great Britain, 2003-2007 42
11: Analysis of Public Sector Non-Residential Construction Output in Great Britain,
2003-2007 45
12: Analysis of Public Sector Non-Residential Construction in Great Britain, by Type,
2003-2007 46
13: Seasonality of Public Housing Output, 2003-2007 52
14: Seasonality of Public Non-residential Construction Output, 2003-2007 52
15: Seasonality of Civil Engineering, 2003-2007 53
16: Seasonality of Civil Engineering Output in the Electricity Sector, 2003-2007 53
17: Seasonality of Civil Engineering Output in the Gas, Communications and Air Sector,
2003-2007 54
18: Seasonality of Civil Engineering Output in the Harbours Sector, 2003-2007 54
19: Seasonality of Civil Engineering Output in the Roads Sector, 2003-2007 55
20: Seasonality of Civil Engineering Output in the Sewerage Sector, 2003-2007 55
21: Seasonality of Civil Engineering Output in the Water Sector, 2003-2007 56
22: Number and Value of Total PFI Projects Signed, 1987-2007 56
23: Regional Value of Total New Construction Output, 2003-2007 57
24: Regional Public Housing Construction Output, 2003-2007 58
25: Seasonality of Public Non-residential Construction Output, 2003-2007 58
26: Analysis of Civil Engineering Output By Area, 2003-2007 59
27: Development of the Construction Industry, by Number of Companies, 1997-2006 61
28: Development of Main Trades and Specialist Contractors, by Number of Companies,
1997-2006 62
29: Analysis of the Financial Structure of the Construction Industry, 2006 and 2007 63
30: Analysis of the Financial Structure of the General Construction of Buildings and Civil Engineering Works Industry, 2006 and 2007 63
31: Analysis of the Employment Structure of the Construction Industry, 2006 and 2007 64
32: Analysis of the Employment Structure of the General Construction of Buildings and
Civil Engineering Works Industry, 2006 and 2007 64
33: Financial Analysis of Alfred McAlpine, 2002-2006 73
34: Key Financial Ratios for Alfred McAlpine, 2002-2006 74
35: Financial Analysis of AMEC, 2002-2006 78
36: Key Financial Ratios for AMEC, 2002-2006 78
37: Financial Analysis of Balfour Beatty, 2002-2006 81
38: Financial Analysis of Balfour Beatty by segment, 2006 82
39: Key Financial Ratios for Balfour Beatty, 2002-2006 82
40: Financial Analysis of The Birse Group, 2003-2007 83
41: Financial Analysis of Birse Construction, 2002-2006 84
42: Key Financial Ratios for Birse Construction, 2002-2006 84
43: Financial Analysis of Bovis Lend Lease, 2003-2007 86
44: Key Financial Ratios for Bovis Lend Lease, 2003-2007 87
45: Financial Analysis of Carillion Construction, 2002-2006 87
46: Key Financial Ratios for Carillion Construction, 2002-2006 88
47: Financial Analysis of Carillion JM, 2002-2006 89
48: Key Financial Ratios for Carillion JM, 2002-2006 90
49: Financial Analysis of Costain Group, 2002-2006 93
50: Key Financial Ratios for Costain Group, 2002-2006 93
51: Financial Analysis of HBG Construction, 2002-2006 95
52: Key Financial Ratios for HBG Construction, 2002-2006 95
53: Financial Analysis of Interserve, 2002-2006 98
54: Key Financial Ratios for Interserve, 2002-2006 98
55: Financial Analysis of Jarvis, 2003-2007 101
56: Key Financial Ratios for Jarvis, 2003-2007 101
57: Financial Analysis of John Laing, 2002-2006 104
58: Key Financial Ratios for John Laing, 2002-2006 105
59: Financial Analysis of Kier Group, 2003-2007 108
60: Key Financial Ratios for Kier Group, 2003-2007 108
61: Financial Analysis of Galliford Try Infrastructure, 2003-2007 111
62: Key Financial Ratios for Galliford Try Infrastructure, 2003-2007 111
63: Financial Analysis of Skanska UK, 2002-2006 113
64: Key Financial Ratios for Skanska UK, 2002-2006 114
65: Financial Analysis of The Miller Group, 2002-2006 116
66: Key Financial Ratios for The Miller Group, 2002-2006 116
67: Forecast Civil Engineering Construction Output in Great Britain, 2008-2012 120
68: Forecast Construction Output in Great Britain, 2008-2012 120
69: Forecast Construction Output in Great Britain, 2008-2012 122
70: Forecast Public Housing Output in Great Britain, 2008-2012 124
71: Forecast Public Non-residential Construction Output in Great Britain, 2008-2012 128
72: Forecast of Public Non-residential Construction in Great Britain, by Type, 2008-2012 128
73: Forecast Repair & Maintenance Output in the Public Non-residential Sector in
Great Britain, 2008-2012 129
74: Forecast PFI Capital Expenditure, 2007/08-2011/12 130
75: Estimated Payment under PFI Contracts, based on Signed Deals as of September 2007 132
76: Forecast Capital Spending by the Private Sector, by Government Department,
2007/08-2011/12 133 |
