17th Mar 2005 07:00
Interserve Joint Venture Wins ‚£400m Defence Estates SE Regional Prime ContractInterserve's joint venture with Southern Electric Contracting (SEC), PriDE, hasbeen awarded the Prime Contract covering London and the south-east of Englandby Defence Estates (DE). The contract is worth approximately ‚£400m over aninitial seven years with an MoD option of a three-year extension. Operationswill begin in April 2005.Both Interserve and SEC are already involved at various locations within theSouth East Prime area and their complementary skills will enable PriDE tomobilise operations relatively quickly. The principal activities will be: * Land and property management * Lifecycle maintenance * Response maintenance * Help desk * Environmental management * Condition improvement of buildings and facilities * Provision of Management Information Systems * New works projects Both partners will deliver all of these services with the exception of the helpdesk and information systems which will be Interserve's sole responsibility.Overall, Interserve will undertake approximately three-quarters of the work.Around 1,000 people will be employed on the contract which covers 95 locationsthroughout the south-east including RAF High Wycombe, RAF Northolt, Sandhurst,Chelsea Barracks, Horseguards, Buckingham Palace, St James's Palace, CavalryBarracks and the Duke of York's Royal Military School.Adrian Ringrose, Chief Executive of Interserve Plc, commented: "This is asignificant contract win with an important client. We believe that ourexperience of driving operational efficiency in many different contexts,combined with our knowledge of the MoD's working environment, will help usdeliver real value."ENDINTERSERVE PLCRelated Shares:
Interserve