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Notes to the Financial Statements 2018
13. Construction contracts continued
Status of construction projects ( > $200 million original contract value) as at 30 June 2018:
Percentage of completion (% cost)
Forecast completion
Business Unit
Commercial Bay – Fixed price contract
B+I B+I
45% 37% 32% 99% 61% 21%
2019 2019 2021 2018 2020 2020
NZICC – Guaranteed maximum price and fixed price contract Puhoi to Warkworth – Fixed price contract (Public Private Partnership) Auckland East Prison – Fixed price contract (Public Private Partnership)
Infrastructure
B+I
Hamilton City Edge Expressway – Alliance contract Peka Peka to Otaki Expressway – Fixed price contract
Infrastructure / Higgins Infrastructure / Higgins
Revenue Backlog by Business Unit as at 30 June 2018:
Current Revenue Backlog NZ$M
Top 5 projects as a % of Revenue Backlog
741 596 376
Building + Interiors
83% 75% 37% 52%
Infrastructure
Higgins
71
South Pacific
1,784
N/A
Revenue backlog refers to the level of construction work the Group is contracted to but is not yet complete at year end.
74 Fletcher Building Limited Annual Report 2018
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