In its interim management statement for the year so far, it said that it has continued to build its forward order book despite the challenging markets.
It does not see any margin recovery in the short term in its core markets but said that the securing of valued work is important to retain its position. “It has been sensible, therefore, to remain selective when choosing which projects to bid for and we will continue to focus on maintaining margins where possible, despite customer pressure and increased competition,” said the company.
In London it will be undertaking work on projects including the London Cable Car and Stratford City Holiday Inn. It has also secured Tate Modern 2 and the facilities management contract for the London 2012 Olympic Stadium. Across Scotland, over £3 million of residential projects have been secured so far this year. Elsewhere in the UK other projects recently secured include The Archbishop Courtenay CE Primary School, Maidstone; Diana Princess of Wales Hospital, Grimsby; Waitrose at Alderley Edge, Canary Wharf, Holborn, Jesmond and Newark; and the NetPark project, County Durham.
The forward order book stands at £180m as at 30 April 2011 (April 2010: £200m) of which £110m is scheduled to be completed in 2011, with £45m of work completed so far this year.
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