(Alliance News) - Hercules Site Services PLC said it has joined the UK-wide labour framework of Costain Ltd, part of Costain Group PLC, after a successful tender process.
Hercules Site Services is a Cirencester, England-based labour supplier for the UK infrastructure sector, while Costain is a Maidenhead, Berkshire-based construction and engineering firm.
Hercules Site Services said Costain has announced that a newly formed integrated labour team will "become the first point of contact for any blue-collar labour supply requirement for any project, across all sectors in which it operates".
These sectors include water, rail, highways, defence, energy, nuclear, oil and gas and aviation, Hercules Site Services said.
It said the move comes after Costain, a long-standing client of Hercules, decided to "significantly reduce its supply chain for skilled blue-collar infrastructure and construction workers".
Hercules Site Services is one of four labour suppliers on the new integrated labour team, it added.
"We are delighted to further cement our relationship with Costain. We have been working together on a project-by-project basis for over a decade. This agreement between our companies means Hercules has the potential to work across all of Costain's projects and sectors beyond highways and water, where we are currently partnered," said Hercules Site Services Chief Executive Officer Brusk Korkmaz.
"The agreement is also further testament to Hercules' growing reputation across the infrastructure and construction sectors as one of the UK's leading labour suppliers."
Costain Head of Supply Chain Sarah Thomas commented: "Our partnership with the ILT brings added value and benefits to Costain and is changing how temporary operational resource is considered. The ILT holds expert market information, useful for resource planning and winning bids. We can engage with ILT earlier to confirm a pipeline of resources. And we have real employment terms for temporary operational resources, ensuring fairness, wellbeing, and ongoing engagement."
Shares in Hercules Site Services were up 0.4% to 32.12 pence each in London on Monday afternoon, while Costain shares were down 0.1% to 79.10p each.
By Greg Rosenvinge, Alliance News senior reporter
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