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Gloucestershire Business News

Kier in the running for £200 million pot

After months of damaging headlines there is good news for construction firm Kier which now sees itself in the running for local authority spending of up to £200 million.

The business, which has a base in Quedgeley, Gloucestershire, has been named as one of four contractors on Hampshire Council's construction framework.

Also awarded places are Morgan Sindall, Wates and Beard, all now in line to bid for projects worth between £1m and £4m. Almost 30 firms competed for a place on the short list.

The work is understood to be mostly for new-build, extensions, refurbishments and alterations to existing school, police, fire and NHS properties and not include civil engineering projects.

Kier has seen its share price plunge after news of its financial situation came to light. New chief executive Andrew Davies began cost cutting measures expected to result in the loss of 1,200 staff by mid-2020.

The business, which recently built Gloucester's new Transport Hub, is expected to deliver its full-year financial results in September

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