Thurrock Council - £240m Contract Award
Mears Group PLC has been awarded a new contract by Thurrock Council, a long-standing customer, valued at £24 million annually over an initial five-year term with a potential five-year extension, bringing the total contract value to £240 million. This contract expands Mears' services to include all repairs, compliance, and planned investment works, moving towards a total asset management solution. This award is part of a significant period of contract retention for Mears, with over £1 billion in re-awarded contracts in the last twelve months, underscoring strong operational performance and client relationships.
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Mears Group PLC, the leading provider of services to the Housing sector in the UK, is pleased to confirm that it has been notified of a new contract award from Thurrock Council. ('Thurrock'), a long-standing customer. The new contract will see Mears extending its services to deliver all repairs, compliance and planned investment works and carries an annual value of £24m over an initial 5-year term, with an extension option for a further 5 years, giving a total contract value of £240m over the maximum 10-year term.
Lucas Critchley, Chief Executive Officer, said:
"The strong growth in our traditional maintenance activities has been underpinned by an excellent period of contract retention. This award forms part of an intensive period of rebids, which has seen the Group re- awarded contracts amounting to more than £1bn over the last 12 months, including contracts with Milton Keynes City Council, Leeds City Council, Cross Keys Homes and Livin. This reflects our strong operational performance and the deep relationships we hold with our clients and within those communities.
"The new contract expands the services previously provided to Thurrock, extending the core maintenance service towards a total asset management solution."
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