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Firms Win £500m Deal with City of London

The city of London corporation has announced the general major framework covering the projects throughout the city.

A dozen firms hold a place on the split framework which will run for four years, covering an area of over 800 properties, in and around the Square Mile.

 

Construction and refurbishment projects for the Bank of England estate, the City of London Police stations, the Barbican Centre and schools within the area will be included in this £500m framework.

 

Morgan Sindall Construction’s area director for London, Richard Dobson, said: “This is a key framework covering many of the capital’s most iconic and important buildings and locations and we are delighted to have been appointed.

“We look forward to drawing on our extensive experience delivering high-quality projects in central London as we work in partnership with the City of London to support their estates strategy.”

Morgan Sindall, Osborne and Gilbert-Ash were included in the six firms which made it on to the larger of lot of the split framework for major construction work between £4m-£15m meaning that the total value of work procured under this lot could reach £500m.

Six firms were also appointed to the smaller lot for works between £1m-£4.6m with the total value of work under this deal could reach as high as £200m.

Structural Defects Insurance

Lot 1 - £1m - £4.6m 

- Como Group
- Sykes and Son
- Neilcott Construction
- Oakmont Construction
- Buxton Buidling
- Rooff

Lot 2 - £4m - £15m

- 8Build
- Gilbert-Ash
- McLaughlin & Harvey
- Morgan Sindall
- Osborne
- Speller Metcalfe

Christopher Hayward, City of London planning and transportation committee chairman, explained that over the upcoming decade, there are plans to spend up to £2.3bn on four major capital projects, including; a new home for the Museum of London, an opera house on the museum’s current site, a relocation of Smithfield market and new court ad police buildings on Fleet Street.

 

Hayward states, “Those projects alone are the biggest capital programmes the city will have ever engaged in, which I think shows our confidence (in the city.)”

As this new framework takes off, London anticipates the output of this new construction scheme.

Specialists in Construction Insurance

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