Carillion announces £450m in contract wins
Support services firm Carillion has announced the win of two contracts worth up to £450m.
Support services firm Carillion has announced the win of two contracts worth up to £450m.
The firm has signed a five-year framework contract to provide gas and multi-utility services for Fulcrum, potentially worth £70 million.
It has also been selected as the preferred bidder by National Grid to provide refurbishment and upgrade services for its overhead transmission network in England and Wales, potentially worth up to £375 m over five years.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
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
Under the framework contract with Fulcrum, which will begin immediately, Carillion will deliver gas and multi-utility connections across the North of England, North & Central Wales, West Midlands, East Midlands and East Anglia.
Its contract with the National Grid will be carried out as a joint venture with with Eltel Networks and forms part of a £22bn investment programme by National Grid.
The main contract will start in April 2012, with the volume of work allocated to the joint venture increasing annually, subject to performance.
Carillion's chief executive, John McDonough, said: "The contract for Fulcrum enhances Carillion's position as one of the largest providers of gas connection services in the UK and our selection as the preferred bidder to deliver overhead line services for the National Grid underlines the strength of Carillion's offering as a leader in this market sector".
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
-
Regulator moves to protect access to cash amid branch closures and disappearing ATMs
News The Financial Conduct Authority has told banks to start assessing if local communities have adequate cash access from mid-September
By Marc Shoffman Published
-
VAT hike on private school fees could come earlier than previously expected
The government could start charging VAT on private school fees as soon as January 2025, according to the latest reports. What does it mean for parents?
By Katie Williams Published