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Large London landlord launches £1.2bn procurement framework
G15 housing association Notting Hill Genesis (NHG) has announced plans to procure a £1.2bn framework to support its building safety and investment programmes for the next 15 years.
The framework, which will run for four years with an option to extend, is split into five lots, each with specialist contractors.
The five lots will cover:
- Planned investment works – building envelope and communal spaces
- Planned investment works – kitchen and bathrooms
- Building safety works – cladding remediation and wider capital works
- Building safety works – cladding remediation only
- Fire risk assessment remediation works – active and passive fire safety
Procurement for the framework will start in January, with the first contracts to commence from October 2022.
NHG owns and manages around 66,500 homes across London and the South East.
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According to NHG, all organisations on the framework will be expected to meet targets that tie into the housing association’s value and goals around sustainability, or ensuring work creates social value for the community whether through jobs, training opportunities or projects.
Katie Bond, group director for sales and building safety at NHG, said: “Keeping our residents and buildings safe is our first priority and this framework, the largest assets framework in our history, outlines the scale and ambition of our programme.
“We have established a dedicated building safety team who will be supported by our framework to carry out the vital work needed to ensure our buildings meet the latest regulations.
“This is a complex, long-term programme that will run for many years, and our framework will enable us to be more dynamic once problems are identified and allow works to be carried out swiftly and professionally.”
Earlier this month, NHG saw its surplus drop by 38% after a fall in private sale income, which fell by £74m year-on-year.
In a trading update covering the six months to 30 September, the landlord saw its surplus hit £54.9m, down from £88.8m in the same period last year.
