(Sharecast News) - Outsourcing and professional services company Capita has secured an extension to its contract to deliver personal independent payment assessments for the UK's Department for Work and Pensions.
Capita said on Monday that the new contract, which runs from August 2023 until February 2024, extends an agreement struck in 2013 that has seen the firm deliver functional assessments in the Midlands and Wales.
The London-listed group added that the total IFRS 15 transaction price was £53.8m.
Capita's Al Murray said: "We are proud of our work delivering PIP assessments on behalf of DWP. This extension is testament to our strong track record for delivery and longstanding relationship with our client."
As of 0910 GMT, Capita shares were down 0.14% at 27.26p.
Reporting by Iain Gilbert at Sharecast.com
Capita (CPI)