In the run-up to Brexit on 31st October, current political uncertainty has meant that many UK businesses with operations in Europe have delayed making significant business investments. However, in recent weeks, public and private sector construction tenders across the UK have been on the rise and upcoming social housing construction projects have been hitting the headlines.
It is important to remember that even during a period of change and an ambiguous political future for the UK, tender opportunities that will grow your business are continually out there for the taking. Tracker is here to help you win them.
Tender opportunities in Social housing frameworks
Tender opportunities in social housing have been a hot topic. For example, a group of approximately 70 social housing landlords across the Midlands, South of England and South Wales have begun advertising for building maintenance contractors for up to £540 million worth of work. Together, the landlords service more than 500,000 social housing homes. They are looking to cover the supply of a range of internal and external building works including installation, replacement and refurbishment for use in the housing and related construction sectors.
In Scotland, Excel, the non-profit Centre of Procurement Expertise for the local government, has launched its residential new build construction contract worth £1.5 billion. This is in a bid to help accelerate building up to 50,000 affordable homes promised by the Scottish government, including 35,000 for social rent, by 2021. The Scottish Government has set aside £3 billion to achieve this, and Excel has joined with 11 Scottish councils to ensure the work is achieved smoothly.
The investment supports up to 12,000 jobs and an economic output of £1.4 billion a year, and the framework itself was designed specifically for SMEs to participate. It was revealed earlier this month that nineteen suppliers, including 13 SMEs, were placed on the £1.5 billion framework. These stats show the positive impact of construction tenders such as these across the UK.
Growth in professional construction tenders in London
Pagabo is launching a second term for its National Frameworks for Major Works and National Framework for Professional Services, together worth £10.5 billion. Chief Executive of Pagabo, Simon Toplass, has said that the success of the frameworks has resulted in extremely high “double-digits” growth year on year since their inception in 2016. Toplass also went on to report:
“Pagabo’s full suite of eight frameworks has delivered social value of more than £1.5 billion to date.”
The current Major Works framework has delivered high-profile projects across the UK for clients including Liverpool John Moores University, St Albans District Council and Richmond Upon Thames College.
Explore more tender opportunities
Tender opportunities in construction are numerous and even in the current political climate, exciting projects across the UK are continuing to grow. As the only complete end-to-end business solution offering intelligence and tender alerts, Tracker allows you to find them more easily, in one place.