Between £29bn and £37bn of contracts across economic and social infrastructure will be brought to market over this financial year.
The Government’s Infrastructure and Project Authority has detailed the work pipeline for this year in a bid to provide much-needed confidence and certainty to the market during the COVID-19 pandemic Details of the procurement pipeline published today reveal up to 340 procurement contracts across over 260 projects, programmes and other investments will be coming to the market by April 2021. Nick Smallwood, chief executive, Infrastructure and Projects Authority, said: “In publishing projections of short term procurement, we aim to boost market confidence and help the sector with business planning during this challenging period. “In addition, we will seek to publish a full National Infrastructure and Construction Pipeline later in the year. “We cannot afford to waste the opportunity presented as the sector recovers to do things faster, more effectively and more productively. Demands to publish details of the immediate Government work pipeline were a key part of the Construction Leadership Council’s ‘Road to Recovery’ roadmap to get the industry back on its feet. CLC chair Andy Mitchell said: “The construction sector is facing an unprecedented challenge as a result of COVID-19. “As the largest single client of economic and social infrastructure, a strong and clear pipeline of work from Government is vital to generating confidence and certainty. “I am therefore delighted that the Government has today responded to one of the proposals in the CLC Industry Recovery Plan and look forward to working with Government to deliver these projects over the months and years to come”.
originally published on: https://www.constructionenquirer.com/2020/06/16/37bn-of-work-due-out-for-bid-by-april-2021/