WYG awarded three contracts in UK, Africa

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Sharecast News | 02 Jun, 2017

17:19 09/07/19

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Global project management and technical consultancy WYG announced on Friday that it was recently awarded two major new framework contracts with UK government agencies, and a significant new contract in Africa in its international development market.

The AIM-traded firm said that together, the contracts are estimated to be worth approximately £50m to WYG over the next three years.

It said the UK Defence Infrastructure Organisation - an arm of the UK Ministry of Defence - had recently decided to move to a ‘Regional Commissioning Model’.

“We are delighted to announce that we have been appointed, under the DIO PSP UK framework, as DIO's preferred Principal Support Provider for new projects in both the Central and Southern regions of the UK,” WYG’s board explained.

“The amendment to our existing PSP framework is initially for one year but can be extended in one year increments up to a maximum of three years.

“We estimate that our expanded Delivery Partner role under the new model could double our existing £12m per annum revenue in each of the next three years. “

The other contract involved the UK government's Crown Commercial Services £2.9bn flagship framework, which provided central government customers and the wider public sector with project management and full design team services to support their property and construction projects.

“WYG has been included on this framework under three separate lots.

“Projects will be secured as a result of mini-competitions or direct awards in accordance with government procurement rules.”

The company said the framework was initially for two years, though that could be extended in one year increments up to a maximum of four years.

“We estimate that the framework could be worth up to £3m per annum over the duration of the framework.”

The contract in Southern Africa involved the Climate Resilient Infrastructure Facility, which the board described as a “major donor funded programme” which had been operating since 2013 to improve the sustainable, equitable use of the region’s transboundary water resources.

“The facility aims to capitalise the development of projects that increase the ability of communities, policy makers and planners to cope with climate extremes,” WYG said.

By doing so, it aimed to contribute to “peaceful, climate resilient and sustainable” planning and management of Southern Africa's shared waters, and generate current and future benefit for the region's poorest.

Initially, WYG would provide services with a fee value of up to £5m over the next two years with the likelihood that would expand significantly.

“These contract wins are testament to the range and quality of our technical expertise both in consultancy services across the UK and in our International Development business,” said WYG chief executive Paul Hamer.

“They build our strong track record in delivering major long term infrastructure projects for the UK government and its major agencies.”

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