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Share Price Information for Balfour Beatty (BBY)

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Share Price: 367.40
Bid: 366.40
Ask: 366.80
Change: 3.40 (0.93%)
Spread: 0.40 (0.109%)
Open: 365.00
High: 367.40
Low: 363.80
Prev. Close: 364.00
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Balfour Beatty named as sole contractor to SCAPE Civil Engineering frameworks

Tue, 27th Sep 2022 07:37

(Sharecast News) - Infrastructure group Balfour Beatty has been appointed as the sole contractor to both the SCAPE Civil Engineering and the SCAPE Scotland Civil Engineering frameworks.

Balfour Beatty said on Tuesday that both frameworks were worth up to £3.25bn and £750.0m, respectively, and will enable local authorities and other public sector bodies to commission works through a procurement process over a period of four years - with an option for a two-year extension.

The FTSE 250-listed group stated it will continue to work with UK local authorities, government agencies, and other public sector bodies to deliver projects across multiple sectors - including local highways, public realm, defence, and marine, with the first schemes expected to be awarded from early 2023.

Chief executive Leo Quinn said: "Our unique end-to-end Group capabilities position us perfectly to deliver the wide variety of public sector projects that are expected to come to market in the coming years.

"With a long-standing history of successful delivery through the SCAPE Group frameworks, we now look forward to continuing on this positive trajectory; working with our customers to drive forward innovative, sustainable projects across the length and breadth of the UK."

Reporting by Iain Gilbert at Sharecast.com

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