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Interserve wins FM contract with six government departments

Mon, 14th Nov 2016 09:11

(ShareCast News) - Interserve, an international support services and construction group, has secured a £40m, five-year facilities management account with six central government departments.The account, known as the 'Affiliate cluster' covers the Cabinet Office, the department for International Development, the Food Standards Agency, the Government Actuary's Department, the Health and Safety executive and the Office for Standards in Education, Children's Services and Skills.It is the first time all six departments' facilities management services will be handled by a single provider. Through this deal the company hopes to achieve annual double digit cost savings across all departments.The contract was awarded through the Crown Commercial Services Framework Agreement for Facilities Management Services. It will see the company deliver a broad range of services such as security, catering, front-of-house, as well as mechanical and electrical maintenance. Interserve chief executive Adrian Ringrose said: "We have excellent relationships in central government and are very pleased to be expanding this partnership into new departments. We feel that our extensive experience of delivering diverse, complex facilities management services for government makes us the ideal partner for this combined contract."Chief executive of the civil services John Manzoni said bringing the support services contract together under a single overarching account should deliver significant benefits for each department and for the government as a whole."We will achieve consistent service level across the estate whilst bringing savings; ensuring we are delivering real value to taxpayers."The share price rose 3.69% to 372.50p at 0954 GMT on Monday.

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18 May 2016 08:58

Interserve secures £25m Eastleigh leisure centre deal

(ShareCast News) - Support services and construction group Interserve announced a new contract win on Wednesday, having secured a £25m deal to build one of the biggest leisure centres in the south of England. The FTSE 250 firm said the Fleming Park Leisure Centre in Eastleigh, which is being designe

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Berenberg cuts Interserve's target price but leaves rating at 'buy'

(ShareCast News) - Interserve shares fell on Monday as Berenberg cut its target price to 520p from 645p after the support service and construction company highlighted contractual issues in a trading update. Interserve on Friday said expectations for its UK construction division had been "significant

9 May 2016 08:32

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