£1bn housing work lost as procurement body folds
Published: 02 July, 2012
LONDON: A £1bn worth of planned housing maintenance work has been lost after London social housing procurement body Cyntra ceased trading.
The body formed by eight London councils served some 300,000 houses and claimed to represent a massive forward spending programme over the next four years.
Apollo, Bramall Construction, Breyer Group, Kier, Mears and Vinci were among a long list of contractors on Cyntra’s qualified suppliers list.
The firms completed a lengthy vetting process last year to earn a place on a new national building framework but now are unlikely to see any of the promised £800m work.
A long list of subcontractors on Cyntra’s specialist London framework will also be let down on the promise of sharing £200m of planned repair and maintenance work.
A source told the Enquirer.com: “The prequalification procedure has probably cost each firm £50,000. Everybody must be spitting blood that nothing will come of it.”
Cyntra was formed by Barnet, Ealing, Hammersmith and Fulham, Kensington and Chelsea, Hillingdon and Hounslow councils seven years ago.