What is the story about?
What's Happening?
Vivid Housing has awarded a £69m contract to PMC Construction and Development Services for the first phase of a residential scheme at Victory Quay in Tipner, Portsmouth. The project involves the construction of 183 homes across multiple apartment and house blocks, along with landscaping and infrastructure works. The contract was awarded under section 41 of the Procurement Act 2023 due to technical reasons limiting competition. PMC had previously completed enabling works, including environmental remediation, which provided them with essential know-how for the main build.
Why It's Important?
This contract is a significant development for PMC Construction, highlighting their expertise in handling complex projects with environmental considerations. The project is expected to enhance housing availability in Portsmouth, contributing to local economic growth and community development. The direct award of the contract underscores the importance of specialized knowledge and experience in securing major construction projects.
What's Next?
Construction is set to begin in September 2025, with completion expected by March 2028. Vivid Housing plans to initiate a separate procurement process for future phases of the development, potentially opening opportunities for other contractors. The project will require careful management to adhere to environmental regulations and ensure timely delivery.
Beyond the Headlines
The focus on environmental remediation and sustainable construction practices in this project reflects broader industry trends towards eco-friendly development. This approach may influence future residential projects, encouraging more developers to prioritize environmental sustainability.
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