Capita is preferred bidder for 320m pound contract
Capitahas been selected as the preferred bidder to develop the London Borough of Barnet's new support and customer service organisation.
Capitahas been selected as the preferred bidder to develop the London Borough of Barnet's new support and customer service organisation.
The contract is expected to be worth about £320m over 10 years and would begin in April 2013.
"Preferred bidder" status means that officers of the council have recommended that Capita gain the contract, but it has yet to be finally approved by Barnet Council's 'Cabinet' of elected local politicians.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
A spokesperson for Capita explained that the services included in the contract would include: human resources, payroll, processing of parking fines and other customer-related communications activities.
CM
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
How ‘Bed & ISA’ could save you £15,000 over a decade
Moving your investments into a tax-free wrapper through ‘Bed & ISA’ transactions could save you thousands over the long run by cutting your tax bill
By Katie Williams Published
-
House prices hit record high, says Halifax
UK house prices rose 3.9% over the past year, with a typical property now costing £293,999. We look at which regions are seeing the strongest growth, and whether the rally in house prices will continue next year
By Ruth Emery Published