Ascham Homes has appointed family-owned building contractor, civil engineering and property services firm Osborne to maintain its 12,500 homes, primarily in the London Borough of Waltham Forest.
The seven-year deal has the option to be extended by a further eight years and reach more than £225m in value.
The arms length management organisation has appointed Osborne to handle responsive repairs, voids management and planned maintenance starting on 1 April 2012.
Madeleine Forster, chief executive of Ascham Homes, said: “Osborne was appointed through a very rigorous selection process, in which residents played a key role in the specification of the new service and interviewing the contractors. We are excited by the prospect of developing a new, long term sustainable relationship that will provide for investment, innovation, best practice and a culture of ‘Right First Time’, while maintaining value for money.”
Nick Sterling, managing director of Osborne’s property services team, added: “This award followed a rigorous test of all bidders’ credentials and we are looking forward to working with Ascham Homes’ enthusiastic team to deliver a service its residents can be proud of.”