The CIF Top 50 Contractors 2021 has been published as part of the September issue of Construction magazine.
The opportunity to catch a glimpse behind the curtain of an industry is a valuable thing.
It provides a rare chance to analyse the health and vibrancy of a sector, along with recognising where its strengths, weaknesses and opportunities lie.
Construction magazine is delighted to publish the CIF Top 50 Contractors 2021 to provide an inside view of Ireland’s construction industry at the end of 2020 – a year defined by the major world events of the coronavirus pandemic and Brexit.
According to the CSO’s Labour Force Survey Quarter 1 2021, due to Covid-19 and public health restrictions, the pandemic had an adverse effect on the construction sector where the rate of absence from work was much more significant than for other sectors – 28.4 per cent in Q1 2021 having stood at 4.9 per cent in Q1 2019 and 9.4 per cent in Q1 2020.
The number of hours worked per week in Q1 2021 in the construction sector was also impacted.
The construction sector, where the number of hours worked per week was 5.5million in Q1 2019 and 5.3million in Q1 2020, fell to 3.3million in Q1 2021.
Despite these threats, companies have endeavoured to remain steadfast in their vision and goals.
The CIF Top 50 Contractors 2021 have a combined turnover of €11.37bn for 2020, an increase of €1.37bn on the previous year’s total turnover figure of €10bn.
A total of €7.12bn in construction activity was recorded in Ireland, up from €6.7bn the previous year.
In 2020, the CIF Top 50 Contractors exported over €4.25bn in construction expertise, €950m more than the corresponding figure for the previous year of €3.3bn.
The entry figure for inclusion in this year’s Top 50 was €45m.
As the industry begins to emerge stronger from the challenges of a fast-changing and turbulent world, the construction sector in Ireland continues to meet the needs of the build environment both at home and globally.
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