Trio deal for Forrest with £725m framework wins
Contractor Forrest has secured three newbuild frameworks across the North of England that are collectively worth up to £725 million over four years.
Forrest’s appointment to the Innovation Chain North West framework, valued at £500 million, will involve construction of residential-led developments across the north for a number of housing groups, including Great Places.
The company is one of eight contractors appointed to all three lots and contracts are expected to be in excess of £1.5 million each.
The contractor has also been appointed to Broadacres Housing Association’s £150 million capital works contractor framework. The programme will deliver an estimated 1,500 new homes for the framework’s seven members across Yorkshire. Forrest’s appointment to Lot 2 will see the company work on contracts of value up to £3 million.
An estimated £75 million of work is due through Thirteen Housing Group’s contractor’s framework. Alongside five other contractors, Forrest will deliver works on two of the four lots for new build housing in the North East.
“Like much of the UK, the north faces an acute shortage of social housing stock and housing providers are turning their attention to how they can best deliver new homes and reduce this deficit,” said Jon Edgar, the company’s bid director. “This, coupled with the range of new build activity we’re being appointed to in the private housing sector, is providing strong growth opportunities for our new build development division.”