Re Contract

RNS Number : 5748R

Kier Group PLC

01 May 2009

 

 

Kier preferred for North Tyneside outsourcing contract worth over £600m

Kier has been named by North Tyneside Council as preferred bidder for a contract with a potential value of over £600m to repair and maintain its social housing stock and other council-owned property for an initial ten-year term, which is extendable for a further five years.

The contract entails the transfer under TUPE of 500 council employees to Kier and will be managed from the council's existing Killingworth site at Harvey Combe.

Work involves improvements and repairs to 16,000 council homes and council owned buildings together with reactive and planned maintenance.

The contract is expected to start on 7 September 2009.

North Tyneside is set to join Kier's already well-established large portfolio of local authority outsourcing contracts as well as long term contracts with many London local authorities. The North Tyneside contract will bring the total number of public sector homes maintained by Kier to in excess of 240,000.

Kier Group plc chief executive John Dodds commented:  "We are delighted to have secured preferred bidder status on this contract and look forward to forging a successful working partnership with the council. This opportunity further enhances Kier Support Services' well-established status as a leading provider of award-winning public sector housing repair and maintenance services." 

Ends

May 2009

Contacts: 

Deena Mattar      01767 640111

Group Finance Director 

Kier Group

Faeth Birch

Conor McClafferty 

Finsbury             020 7251 3801

 

END

 

 

CNTVFLBBKEBZBBL