21st Nov 2013 10:51
LONDON (Alliance News) - Outsourcing company Capita PLC Thursday said it has won a GBP124 million five-year extension to its contract to provide services to Southampton City Council.
The company already has a deal to provide the council will customer services, IT, procurement, post room, property, health and safety, and employee administration and benefits services for 10 years until 2017, but the extension, which is subject to due process by the council, will extend the deal until September 2022.
It has pledged to help the council find GBP24 million in savings over the contract extension period.
Capita shares were up 0.3% to 981.50 pence Thursday morning.
By Steve McGrath; [email protected]; @stevemcgrath1
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