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
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".
-
Parental contributions to kids' university living costs could reach £14,000 a year
Parents helping kids with university living costs face contributions of up to £14,000 per year, according to a report from HEPI and TechnologyOne.
By Oojal Dhanjal Published
-
Rightmove: property asking prices hit record high
News Rising demand for top of the ladder home is boosting asking prices, Rightmove research shows. Is now a good time to sell a property?
By Marc Shoffman Published