The latest information from Builders’ Conference shows that there were 524 contracts worth £5.8 billion awarded in July.

As the industry enters the start of the traditional summer slowdown, both the number and value of contracts were higher than in July 2020, which is encouraging against the backdrop of increasing labour and material shortages reported across the industry. 28% of all the contracts awarded by value were housing (£1.6 billion), 17% were office projects (£973 million) and 9% were education projects (£519 million). The number of tender opportunities was 8% down on the previous month and remained 26% below the monthly average for the past year.