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By Willow Aliento
September 26, 2017
Probuild has been revealed as Australia’s busiest construction firm in 2016/17, taking top place ahead of stock exchange listed giants including Lendlease and Mirvac. The company won over $6.1 billion in contracts during the period – and over $3.5 billion of them for commercial projects.
The HIA-CoreLogic 2016/17 Construction 100 showed that firms that have been able to spread their activities across multiple sectors have been among the strongest performers.
The report presents an in-depth analysis of the engineering construction, non-residential building, and apartment sectors and ranks the largest 100 companies operating in these sectors during the 2016/17 financial year based on contract values.
It showed that the downturn in mining construction has continued to slow engineering construction for that sector, however, the upturn in transport infrastructure spending has started to rejuvenate civil contractor activity levels.
Activity in the engineering construction sector rose by 3.3 percent in the second half of the financial year compared to the first half.
Mixed-use commercial projects have also been delivering growing numbers of contracts, a factor that contributed to Probuild’s strong position. The apartment boom in Sydney and Melbourne also benefited the Victorian-based firm, which has been delivering projects around the country.
Number two spot on the league table went to Lendlease, with contracts totalling $5.3 billion awarded during the period. The project mix is dominated by civil engineering projects, community construction and commercial construction.
Multiplex ranked third ranked third with $5.14 billion worth of new contracts awarded.
John Holland and CIMIC Group subsidiary CPB Contractors were clear beneficiaries of the boost in public sector investment in transport infrastructure in the major capital cities, ranking fourth and fifth in the Construction 100 respectively.
Number six spot went to BMD Group, with just over $2.8 billion of contracts awarded, exclusively in civil construction.
One of the country’s largest and longest-lived privately-owned construction firms, Hutchinson Builders, came in at number seven. Hutchies’ won contracts worth just over $2.5 billion across commercial, multi-residential, community, industrial and civil projects in 2016/17.
Laing O’Rourke took number eight place, with contracts awarded across every sector except residential.
Despite the slowdown in Australian mining construction, Macmahon Holdings held number nine place, with $1.76 billion in contracts gained exclusively in the resources sector.
Downer Group scored tenth place in the league table. The company’s contract mix was dominated by commercial and civil construction.
The HIA said that a changing mix of work within the construction sector is clearly evident amongst the activity of firms in the Construction 100.
“The nation’s largest construction firms have proven highly capable of adapting their services to meet the demands of current economic conditions and deliver the projects that the market has required,” it stated.
“Looking ahead we expect that the impending slowdown in apartment building will be offset by further growth in public sector investment in infrastructure.
“Business confidence is also showing signs of improvement which is a signal that demand for construction from the private sector could also strengthen.”
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