Mears wins£170m Contract with London Borough of Lambeth

Mears, a leading social housing repairs and maintenance service provider, has secured a partnership deal with the London Borough of Lambeth to provide responsive repairs, void refurbishment, estate management, decent homes and planned maintenance. The contract relates to the North housing region which includes around 8,000 of the 20,100 tenanted homes within Lambeth.

The 7 year contract; (with an extension of up to a further 3 years dependant on performance) is valued at £170 million (including extension) and is expected to commence in October 2010.

Commenting, Bob Holt, Chairman of Mears, said:

“Mears has long been recognised as market leader in terms of operational performance and tenant satisfaction in the Social Housing arena.

Consistent with our strategy of winning quality contracts that provide clear and sustainable margins, Mears once again achieved outstanding scores in the competitive tendering process for the quality of our offering focused on service delivery and tenant satisfaction.

The new contract award is designed to deliver tangible improvements into the community. Lambeth’s partnership ethos creates long term opportunities for its partners who are committed to delivering the quality and value for money I have referred to. The tenant centric service is set to improve their lives and the community in which they live. We look forward to serving the tenants of Lambeth for many years to come.

The size of the Mears social housing bid pipeline for contract tenders remains extremely healthy at £3.5 billion and we continue to target customers who share our view of long term partnering arrangements.”