£3bn schools framework 'up for grabs'
Developers and construction firms across the UK are on alert today (March 26th) after it emerged the government is preparing to take bids for its next £3 billion round of the UK's schools framework.
Heads of the Education Funding Agency (EFA) are preparing to accept tenders for the construction of new schools and academies across the country.
The process will be split into north and south regions in England, with winning bidders to work alongside architect, mechanical and engineering professionals to help to ensure an adequate supply of educational establishments to meet the needs of the growing population of the UK in the years ahead.
Mike Green, director of EFA Capital, said: "The existing Contractors' Framework has demonstrated the value of this approach, both in terms of providing best value for money to the public purse and making it simpler and quicker to procure as well as providing a quick route to site."
He added that the new framework will retain the best features of the previous initiative, including the call-off process, while at the same time focusing on the delivery of much-needed construction activity across the country.
EFA will be open to bids for projects from April, with work planned to get underway on new developments by the end of the year at the earliest.
The news follows recent comments from the Royal Institution of Chartered Surveyors chief economist Simon Rubinsohn, who argued the government should be investing considerable amounts into the delivery of new construction projects across the country in order to boost the economy out of its present malaise.
He noted: "We have seen promises of funding and cheaper borrowing from the government but we now need to see evidence that it's actually getting through to the firms and projects that need it."
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