May Gurney Integrated Services (AIM:MAYG) yet another nice contract win
The AIM quoted support services group announced the award of a new long-term highways maintenance contract for Harrow Council valued at up to £50 million
Starting in April 2012, the initial contract period with Harrow Council is for five years with an option to extend for a further two years. The contract has been awarded in three “bundled services” lots and includes maintenance of the Council’s key infrastructure assets - highways, carriageways, footways, streetlights, gullies, and watercourses. As part of the contract, May Gurney will also undertake maintenance of highways infrastructure assets belonging to London Underground and Overground, as well as watercourses belonging to the Environment Agency. Quite a lot to potentially complain about then! The latest contract win boosts MAYG’s current forward order book…