Affordable housing maintenance provider Wates Living Space is to renew its responsive repairs contract on behalf of City of London Corporation.
The contract, valued at about £1.5 million, is a renewal of Wates's previous repairs contract for City of London Corporation's estate, where Wates was the incumbent repairs service provider for seven years.
The new deal is expected to run for five years and will also include the refurbishment of an estimated 150 void properties. Throughout the contract term, Wates will provide day-to-day repairs for about 3,000 homes.
Set to begin in April, the responsive repairs contract adds to Wates's existing contract portfolio on behalf of the City of London Corporation, which includes its five-year Minor Works Contract, Lot 1 Building Fabric.
Cumulatively valued at between £3 million and £4 million, this includes minor works projects valued at £250,000 per project across City of London Corporation's civic estate, covering Mansion House and the Central Criminal Courts.