Balfour Beatty named as sole contractor to SCAPE Civil Engineering frameworks
Balfour Beatty
361.20p
16:40 26/04/24
Infrastructure group Balfour Beatty has been appointed as the sole contractor to both the SCAPE Civil Engineering and the SCAPE Scotland Civil Engineering frameworks.
Construction & Materials
9,822.47
16:59 26/04/24
FTSE 250
19,824.16
16:59 26/04/24
FTSE 350
4,470.09
16:59 26/04/24
FTSE All-Share
4,423.59
17:14 26/04/24
Balfour Beatty said on Tuesday that both frameworks were worth up to £3.25bn and £750.0m, respectively, and will enable local authorities and other public sector bodies to commission works through a procurement process over a period of four years - with an option for a two-year extension.
The FTSE 250-listed group stated it will continue to work with UK local authorities, government agencies, and other public sector bodies to deliver projects across multiple sectors - including local highways, public realm, defence, and marine, with the first schemes expected to be awarded from early 2023.
Chief executive Leo Quinn said: "Our unique end-to-end Group capabilities position us perfectly to deliver the wide variety of public sector projects that are expected to come to market in the coming years.
"With a long-standing history of successful delivery through the SCAPE Group frameworks, we now look forward to continuing on this positive trajectory; working with our customers to drive forward innovative, sustainable projects across the length and breadth of the UK."
Reporting by Iain Gilbert at Sharecast.com