The Hyde Group Awards £3bn Main Contractor Framework to Over 20 Firms

Strategic Insights -

The Hyde Group, a prominent UK-based housing organization, has announced the awarding of a £3bn main contractor framework to over 20 firms across the country. The framework, which spans seven lots and covers construction and refurbishment projects across the UK, is designed for the Group's own use but may also be accessed by other public sector bodies. The framework will be administered by National Framework Partnership on behalf of the Hyde Group.

The framework is a significant development for the UK's construction industry, with multiple firms securing places across various lots. The awarded firms include large contractors such as Galliford Try Construction, J. Murphy & Sons, Wates Residential Construction, and Lovell Partnerships, as well as small and medium-sized enterprises (SMEs) like Buxton Building Contractors, Kind & Co, and Boom Construction.

The framework will run for an initial five years, with an option to extend by a further two years. While the total framework value is set at £3bn, the Hyde Group confirmed that this is a nominal figure intended to provide sufficient headroom for external use and does not represent the total value of awarded works.

Key Takeaways:

  • The Hyde Group awarded a £3bn main contractor framework to over 20 firms across the UK.
  • The framework covers construction and refurbishment projects across the UK, with seven lots based on project value and region.
  • Multiple contractors were appointed across each lot, including Galliford Try Construction, J. Murphy & Sons, Wates Residential Construction, John Graham Construction, Hill Partnerships, and Lovell Partnerships.
  • SMEs also secured places, such as Buxton Building Contractors, Kind & Co, and Boom Construction.
  • The framework will be administered by National Framework Partnership on behalf of the Hyde Group.
  • The framework has an initial duration of five years, with an option to extend by a further two years.

Statistics:

  • £3bn: The total framework value, intended as a nominal figure to provide sufficient headroom for external use.
  • 7 lots: The framework is split into seven lots based on project value and region.
  • 20+ firms: Multiple contractors were appointed across each lot, with over 20 firms securing places.
  • 2-year extension: The framework has an option to extend by a further two years beyond the initial five-year term.
  • 50m+: The £50m+ threshold for projects in Lot 7, which covers construction and refurbishment projects in all regions.

Sources:

  • "The Hyde Group Awards £3bn Main Contractor Framework to Over 20 Firms" (Source: Undisclosed).