Kier secures services and construction contracts

RNS Number : 2285O

Kier Group PLC

05 August 2014

 



For release at 0700 hours 5 August 2014

Kier secures contracts in services and construction sectors

Kier Group plc ("Kier") has secured further substantial contract wins across its services and construction divisions.

In the utilities sector, Kier has today announced it has been appointed sole provider of Bristol Water's £20m per annum network maintenance services programme. The contract, which will start on 1 October 2014, is for five years with a potential five-year extension. Works will comprise repairs and maintenance, metering, new connections, developer mains, trunk mains support and small diameter mains rehabilitation.

This builds on other utility contracts awarded since May which have included the five-year contract, with a potential 10-year extension, for Anglian Water's Integrated Maintenance and Repair (IMR) contract with a total estimated value of approximately £90m which is set to commence in April 2015 and marks Kier's third award with Anglian Water. In June Kier also secured a second two-year contract with a potential five-year extension with Sembcorp Bournemouth Water (SBW) for its £3.5m per annum planned and reactive maintenance programme, amounting to a potential £24m.

In the construction sector, Kier has been awarded a place on all six lots of the Education Funding Agency (EFA) regional framework for school building and upgrades, estimated to be worth up to £5bn over four years. Each of the regional lots (north-east, east of England, London & south-east, south-west, West Midlands and north-west) is worth between £500m and £1.5bn. Individual contracts awarded through the framework are expected to be valued between £200,000 and £12m. The EFA framework will mainly comprise repairs, refurbishment and remodelling works, as well as some smaller new build projects. The framework became operational on 8 July.

Haydn Mursell, CEO of Kier, said: "These sizeable new contract awards demonstrate the strength of our offering across the services and construction sectors. The utilities award is further evidence of the value that the acquisition of May Gurney has brought to the Group, and further consolidates our utilities capability and strength."

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For further information:

Faeth Birch/Daniela Fleischmann, RLM Finsbury                         020 7251 3801

Kier press office                                                                 07791 719452

Notes to Editors:

Kier Group is a leading property, residential, construction and services group. The Group employs more than 16,000 people worldwide and has an annual revenue of approximately £3.0bn. A large network of regional offices in the UK and international operations in the Caribbean, Hong Kong and the Middle East, combined with strong local relationships and a breadth of capabilities provides a strong presence in its chosen markets.            

 

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