In a trading update, Costain said that the business had continued to perform well in the second half of 2015 and was likely to deliver full-year results in line with expectations.
The order book includes more than 拢1.1bn of revenues secured for 2016. More than 90% of the order book comprises repeat business and is in target cost, cost reimbursable, collaborative forms of contract providing good long-term visibility.
As well as a record order book, Costain also has a strong preferred bidder position, adding another 拢500m of likely workload.
Costain starts 2016 with 拢100m net cash, despite spending 拢36m in August 2015 on the acquisition of Rhead Group.
Chief executive Andrew Wyllie said: "Costain has had another good year.聽 We also have good visibility over the medium-term, having finished the year with a record order book and a strong net cash position, providing confidence for the future."
Got a story? Email news@theconstructionindex.co.uk
