Business
New Contracts
New Contracts.
About this update from Mears Group Plc
[{"type":"text","content":"\n RNS Number : 0335E Mears Group PLC 14 December 2009 \n \n14 December 2009\nMears Group PLC\n(\"Mears\" or \"the Group\")\n\n£200 million of new contract wins across all divisions\n\nMears is pleased to announce the award of new contracts across all three operating divisions.\n\nThe awards have an initial value of £113 million and are subject to contract extensions taking the total worth to in excess of £200 million. This takes the aggregate total of new contracts awarded in the nine months since Mears announced its preliminary results to in excess of £550 million with a potential worth in excess of £650 million, subject to contract extensions, which would result in a record year for the Group in terms of both new contract awards and order book.\n\nSocial Housing division\n\nWe have been awarded new contracts amounting to £93 million that have a potential worth in excess of £180 million subject to contract extensions as set out below:\n\nCrawley Borough Council\nA 10 year partnership with Crawley Borough Council in West Sussex to provide responsive repairs and voids services. Crawley Borough Council has been a client of Mears since 2004. The contract sum is valued at £30 million for the 10 year period. \n \nColchester Borough Council \nA four year partnership to provide Decent Homes services to the housing stock managed by Colchester Borough Homes. The contract is valued at £10 million for the four year period with an option to extend to six years giving a value of £15 million. \n\nCanterbury City Council \nA five year partnership to provide responsive repairs and voids services to Canterbury City Council. The contract includes external decoration programmes and disabled aids and adaptation improvements. The contract is valued at £28 million for the initial five year period with a performance option to extend to 15 years increasing the value to in excess of £82 million . We are the sole provider appointed to p...