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June 14th, 2010

The current economic downturn is impacting smaller construction firms more than their larger rivals. A Financial Times analysis of the UK’s top 50 construction firms showed the top ten percent of firms saw their average contract size rise to 13.5 million pounds during the year to May, 20 percent up on the same period in 2008.

Contrastingly the five smallest builders saw the average size of their contracts almost halve to 670,000 pounds. Spending in the private sector, to which smaller builders are geared, fell 19.4 percent in 2009, while larger groups benefited from a 3.8 percent increase in government spending.

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