Costain Group PLC United Utilities framework contract (2481D)
25 June 2019 - 4:00PM
UK Regulatory
TIDMCOST
RNS Number : 2481D
Costain Group PLC
25 June 2019
Costain Group PLC
("Costain" or "the Group" or "the Company")
COSTAIN APPOINTED AS SOLE MAINTENANCE SERVICE PROVIDER
BY UNITED UTILITIES
25 June 2019
Costain, the smart infrastructure solutions company, has been
appointed as sole Maintenance Service Provider by United Utilities
across its operations under a framework contract for an initial
period of five years with an option to extend to ten years.
Under the contract Costain will provide overall management and
delivery of United Utilities' larger-scale water and waste water
asset maintenance activities across the entirety of its network,
including 96 water treatment and 575 waste water treatment sites,
which serves over six million people in the North West of
England.
This contract marks the first time United Utilities has
outsourced its maintenance activity as it seeks to drive material
efficiency and operational improvements in line with customer
expectations and regulatory requirements.
Costain's integrated technology and consulting solutions will
help United Utilities move from a reactive 'fix-on-fail' approach
to a proactive maintenance programme thereby improving the
resilience of its assets and environmental outcomes whilst ensuring
continuity of supply and consequently lowering costs for its
customers.
Contract mobilisation will begin immediately in preparation for
the official start in June 2019. The framework is expected to be
worth c GBP35 million per annum throughout the duration of the
contract.
The Group continues to be involved in a wide range of tendering
activity across the UK water sector in anticipation of AMP7
(2020-2025) for which companies have pledged to spend more than
GBP50 billion on improving services, a double-digit increase on the
previous period.
Alex Vaughan, CEO of Costain, commented:
"By integrating our programme management, asset optimisation and
technology capabilities, Costain will help United Utilities to
support its business transformation. Our integrated services and
use of digital technology will help to deliver a step change in
business performance and operational efficiencies for United
Utilities in support of their strategy and in line with customer
expectations and regulatory requirements."
ENDS
Notes to Editor
Costain helps to improve people's lives by deploying
technology-based engineering solutions to meet urgent national
needs across the UK's energy, water and transportation
infrastructures. We have been shaping the world in which we live
for the past 150 years.
The Group's 'Engineering Tomorrow' strategy involves focusing on
blue chip clients in chosen sectors whose major spending plans are
underpinned by strategic national needs, regulatory commitments or
essential maintenance requirements.
Costain's 4,000 people, who are committed to high performance
and safe delivery, are working on a number of high profile
contracts in the UK incorporating a broad range of innovative
services across the whole life-cycle of our clients' assets and
does so through the delivery of consultancy, technology, asset
optimisation and complex delivery services.
For more information visit www.costain.com
Enquiries:
Costain Tel: 01628 842
444
Alex Vaughan, Chief Executive Officer
Tony Bickerstaff, Chief Financial Officer
Carolyn Rich, Investor Relations Director
Sara Lipscombe, Group Communications
Director
Instinctif Partners Tel: 020 7457
2020
Mark Garraway
James Gray
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END
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