Re Contract

RNS Number : 1826O

Kier Group PLC

24 June 2010

 



24 June 2010

MULTI-MILLION POUND MAINTENANCE CONTRACT SIGNALS KIER'S ONGOING PRESENCE IN ISLINGTON

Kier has been awarded two contracts for Homes for Islington (HFI), the arms length management organisation (ALMO) for Islington Council. The contracts, to repair and maintain 29,500 properties in the Borough, were won in competitive tender.

Contract 1 comprises housing repairs, voids and adaptations across the Borough with an indicative annual value of between £14m and £20m. Contract 2 is for the gas servicing repairs, replacements and upgrades in the north of the Borough with an indicative annual value of between £1m and £2m. The four-year contracts which, subject to performance, are extendable for up to ten, will assume operations from 30 October 2010. 

Kier has been repairing and maintaining the Borough's housing stock since 2000 when it joined forces with Islington Borough Council in one of the first public private partnerships of its kind in the country.

Kier Group chief executive Paul Sheffield commented:

"We are delighted that we are to continue serving the people of Islington. The last decade has seen us focus strongly on continuous improvement and engaging with the local community. We will remain committed to delivering best value for the Borough and the local community in the years ahead."

Ends

Contacts:

Deena Mattar              

Group Finance Director

Kier Group                    01767 640111

Faeth Birch                  

Nick Woodruff

Finsbury                       020 7251 3801

 

END

 

 

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