WYG awarded four new deals worth £10m
Firm aims for more defence contracts
GLOBAL PROJECT management firm WYG has won four new deals worth over £10m and said it is bidding for seven more “significant” projects with the Ministry of Defence (MoD).
Leeds-based WYG has won a new project to manage the construction of 1,200 new homes for service families on Salisbury Plain.
The contract is part of the MoD’s decision to optimise the use of its 230,000 hectare estate.
The new award means that WYG has won nearly £4m in projects from the MoD over the past six months, securing 11 major projects including the redevelopments of barracks at Catterick and North Luffenham and projects at RAF Lossiemouth, RAF Brize Norton and the Commando Training Centre Royal Marines at Lympstone.
Elsewhere, the group announced a further three deals.
The first is its appointment to a £50m ground investigation framework on an un-named national infrastructure project.
WYG will provide a wide range of services from pre-investigation surveys to on-site activities such as a ground and groundwater analysis.
The group will have the opportunity to bid for further individual work packages with work onsite due to begin this summer.
The second is its appointment to a four-year Homes and Com- munities Agency (HCA) multidisciplinary panel.
The panel will provide easy access to accredited specialists and experts, saving local authorities across the country time and money.
The third deal is a place on Transport for London’s Professional Services Framework covering freight planning, commercial vehicle planning and modelling.
The framework will run for an initial two years with an option to extend for a further two years.
Paul Hamer, chief executive of WYG, said: “Last year the group renewed or won a place on seven out of the eight major frame- works that it bid including Northern Ireland Central Procurement Directorate, Sainsbury’s, NHS, Defence Equipment & Support, Royal Mail Group and the UK MoD’s PSP Framework.
“The group has achieved a 45 per cent win rate on the contracts announced today under the PSP Framework, representing a marked increase in our bid to win ratio on our long-term frameworks agreements over the past three years.
“This reflects our focus on bidding less and bidding bigger to win more, an approach which we believe will serve us well as we continue to win places on further frameworks.”
The contracts follow WYG’s decision earlier this year to launch a strategic review to look at a possible sale, merger, acquisition or partnership.
The move follows a period of strong recovery at a time when analysts think the shares are undervalued.
The company said it wanted to find out if there are other options to take full advantage of its growth potential.
Since its financial restructuring in 2011, WYG has implemented a strategy to refocus its operations.
The group said it is now well established as a leading global consultancy with a strong international development capability.
WYG said the strategic review may or may not conclude that being part of a larger business would provide significant advantages.
This reflects
our focus on bidding less and bidding bigger. Paul Hamer, chief executive of WYG