Kier wins construction framework and London contracts
Construction and services group Kier has been selected for all three lots under the £2bn Southern Construction Framework and been named preferred bidder on two contracts in London.
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The four-year regional construction framework, one of the largest in the UK, will encompass a pipeline of multiple contracts valued at £1m upwards.
The Southern Construction Framework brings together three existing frameworks: Construction Framework South West, the iESE framework and a new framework for London serving the construction needs of public bodies.
Chief executive Haydn Mursell said he was "delighted" to be part of the construction framework. "Our regional structure leverages our national buying power whilst supporting SMEs and local investment."
Meanwhile, the two contracts in London are worth £130m. The work, due to start in 2016, includes residential, office and real developments at the Argent development at Kings Cross.
"Across this development, Kier is demonstrating its broad range of capabilities and we are proud to be part of the team revitalising this exciting area of London," Mursell said.
The stock was up 0.6% at 1,680p by 08:47.