Latest:
Barhale bags Thames Water deal
15:38 19 May 2004
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Barhale has joined the band of contractors that have tapped into
Thames Water's fourth asset management programme (AMP4) with a deal
that could potentially top up the company's coffers to the tune of
£500m.
The West Midlands-based firm's network agreement deal is worth between £30m and £50m a year for each of the first five years of the scheme. There is an option to extend the deal by a further five years, depending on cost and performance assessment by the client.
Barhale's brief includes replacing sewers and dealing with leakages in north London.
The company joins Morrison Utility Services and Enterprise, both of which have already scooped work for Thames Water under AMP4 (CJ 6 May).
At least six other contractors have also clinched AMP4 work with Thames Water and details of these deals should become available during the next few weeks.
The West Midlands-based firm's network agreement deal is worth between £30m and £50m a year for each of the first five years of the scheme. There is an option to extend the deal by a further five years, depending on cost and performance assessment by the client.
Barhale's brief includes replacing sewers and dealing with leakages in north London.
The company joins Morrison Utility Services and Enterprise, both of which have already scooped work for Thames Water under AMP4 (CJ 6 May).
At least six other contractors have also clinched AMP4 work with Thames Water and details of these deals should become available during the next few weeks.
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