IN BRIEF: Mears wins GBP240 million contract from Thurrock Council

Mears Group PLC - Gloucester-based provider of services to the UK housing sector - Wins new GBP240 million contract award from Thurrock Council in Essex. Mears notes the council is 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 GBP24 million over an initial 5-year term, with an extension option for a further 5 years, giving a total contract value of GBP240 million over the maximum 10-year term," Mears explains. Chief Executive Officer Lucas Critchley says: "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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By Tom Budszus, Alliance News slot editor

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