STOCK TITAN

AECOM joint venture secures nearly $800 million SCAPE Framework Contract

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

AECOM (NYSE:ACM) announced that its joint venture, Perfect Circle, secured two consultancy lots under the SCAPE framework in the UK, valued at nearly $800 million. This framework enables public sector organizations to expedite project delivery while ensuring compliance. AECOM has previously secured over $350 million in fees through the previous SCAPE framework and expects ongoing project awards. Despite pandemic challenges, the joint venture reported record fee earnings and 89 new commissions recently. The aim is to enhance social, economic, and environmental benefits across UK communities.

Positive
  • Secured two consultancy lots under SCAPE framework worth nearly $800 million.
  • Previous framework generated over $680 million for Perfect Circle.
  • Reported record fee earnings and secured 89 new commissions in the last six months.
Negative
  • None.

AECOM (NYSE:ACM), the world’s premier infrastructure consulting firm, announced today that, in association with its joint venture partners Pick Everard and Gleeds, it has secured two lots under the new SCAPE Consultancy framework in the United Kingdom. The joint venture, called Perfect Circle, has been appointed to deliver the Built Environment and Infrastructure Consultancy lots for England, Wales and Northern Ireland, which have a combined value of nearly $800 million. SCAPE is the UK's leading public sector procurement authority.

“AECOM brings its full breadth of diverse services and track record of technical excellence to the framework, which has helped better communities around the UK and deliver real value to its taxpayers across a full range of public sector projects over the previous four years,” said Lara Poloni, AECOM’s president. “We are proud to continue supporting SCAPE on this transformational framework and will continue to focus on maximizing its social, economic and environmental benefits.”

The four-year framework will offer the broadest range of property and infrastructure consultancy services, and is accessible to any public sector organization in the UK. It allows direct award for commissioning services with full public procurement compliance. Reducing the time needed for brief preparation, it is an efficient route to market that will accelerate the delivery of projects and programs. The new framework replaces the previous SCAPE Built Environment Consultancy Services (BECS) framework, which has been delivered by the same joint venture since October 2016 and will end in January 2021. AECOM expects that specific project awards will be made throughout the duration of the framework.

Perfect Circle has been commissioned on more than 1,450 projects through the BECS framework, securing fees in excess of $680 million. AECOM is delivering over 300 of these, with secured fee values totaling $350 million. Nationally significant infrastructure projects, such as the Lower Thames Crossing and the Northumberland Line rail scheme, feature among these.

Despite the impact of the coronavirus pandemic, the BECS framework continues to grow with Perfect Circle responding to the ongoing need for public services to be provided to communities – be it in designing new bridges and adding electricity charging points to car parks, or managing hospital refurbishments and school extensions. The joint venture has secured 89 new commissions over the past six months, reaching a height of activity that has generated month on month record fee earnings. Additionally, significant social value has been generated via the BECS framework, and Perfect Circle remains focused on delivering social, economic and environmental benefits for communities under the new framework.

The three firms that make up Perfect Circle will continue to work together closely to deliver the National Consultancy framework over the next four years, drawing on its extensive supply chain of more than 680 organizations, including many micro-businesses and SMEs.

“The new SCAPE Consultancy framework provides public sector organizations with a responsive, cost-effective and efficient delivery model that will drive forward vital projects at pace,” said Colin Wood, AECOM’s chief executive for Europe. “Building on the success of the BECS framework, AECOM, with Pick Everard and Gleeds, will continue to work collaboratively to deliver social, economic and environmental value on every project.”

Mark Robinson, group chief executive at SCAPE, said: “The quality of the bids we received was simply outstanding. Following an extensive and rigorous procurement process the joint venture between AECOM, Pick Everard and Gleeds demonstrated that they have the skills, capacity and commitment to help accelerate public sector infrastructure projects of all sizes and complexities, whilst supporting community cohesion and local economic impact right across the UK.

“Through extensive client and industry consultation, we’ve evolved and expanded our available consultancy services suite to ensure that our frameworks are viewed as both comprehensive and valuable to a public sector that has been charged to help the UK’s to build back better, build back greener and help accelerate the economic recovery.”

The services available under the Built Environment and Infrastructure Lots of SCAPE Consultancy include, but are not limited to: strategic consultancy services, project management, quantity surveying, building surveying, commercial surveying, architecture and design services, civil and structural engineering, electrical and mechanical engineering, environmental and sustainability consultancy, transport consultancy and asset management.

About AECOM
AECOM (NYSE:ACM) is the world’s premier infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.2 billion in fiscal year 2020. See how we deliver what others can only imagine at aecom.com and @AECOM.

About SCAPE

SCAPE is the UK’s leading public sector procurement authority, dedicated to creating spaces, places and experiences that leave a sustainable legacy within the community. Since 2006, SCAPE has accelerated over 12,000 projects across the UK with their direct award frameworks, property services and innovative architectural designs. Working with SCAPE is all about partnership, bringing together the brightest talent from the construction industry and the local economy. SCAPE projects are collaborative, compliant and fully performance managed to ensure delivery efficiency, tax payer value, targeted local economic enrichment and offer a direct response to the climate emergency. SCAPE operates with a buying power of £13bn and is actively performance managing over 1,800 live projects. SCAPE is a member of the National Association of Construction Frameworks (NACF) and in 2020, was name in ‘The Sunday Times Top 100 Best Not-For-Profit Organisations to work for’ in the UK. For more information visit: https://www.scape.co.uk  

For press enquires contact Citypress 0161 235 0300. Emma Sivakumaran – Emma.Sivakumaran@citypress.co.uk or Ricky Ambury – Ricky.Ambury@citypress.co.uk
For more information visit: www.scape.co.uk

About Perfect Circle
Perfect Circle is a property, construction and infrastructure consultancy, delivering real value with full procurement compliance, for clients commissioning any aspect of their built environment projects. Its vision is to be at the forefront of innovation, pioneering new ways of working to deliver collaborative and efficient solutions nationwide across the public sector; making a difference to clients, local communities, its employees and supply chain partners. The consultancy comprises Pick Everard, Gleeds and AECOM – leading, innovative firms with expert industry knowledge and expertise, supported by an extensive local supply chain. Perfect Circle delivers the broadest range of consultancy services available to the public sector via SCAPE, the UK’s leading public sector procurement authority, and SCAPE Consultancy, a direct award framework that drives collaboration, efficiency, time and cost savings.

FAQ

What is the value of the SCAPE Consultancy framework secured by AECOM (ACM)?

The SCAPE Consultancy framework secured by AECOM is valued at nearly $800 million.

How many new commissions has AECOM (ACM) secured under the SCAPE framework recently?

AECOM has secured 89 new commissions under the SCAPE framework in the last six months.

What services does the SCAPE Consultancy framework offer?

The SCAPE Consultancy framework offers services including strategic consultancy, project management, and civil engineering among others.

What previous financial success did AECOM (ACM) achieve with the previous SCAPE framework?

In the previous SCAPE framework, Perfect Circle secured fees exceeding $680 million.

What is the purpose of the SCAPE Consultancy framework for public sector organizations?

The SCAPE Consultancy framework provides a responsive and efficient delivery model for public sector projects.

Aecom

NYSE:ACM

ACM Rankings

ACM Latest News

ACM Stock Data

15.13B
133.47M
0.45%
90.64%
1.4%
Engineering & Construction
Services-engineering Services
Link
United States of America
DALLAS