Major Construction Framework
Galliford Try secures £9.5 billion CPC framework for extensive public sector and education projects
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Key Points
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CEO Bill Hocking said the CPC appointment reflects Galliford Try’s position as a leading education contractor and that the group looks forward to developing high-quality educational facilities and wider public-sector projects for communities across the country.
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Galliford Try Holdings plc is a London Stock Exchange-listed group and a constituent of the FTSE 250, operating under the Galliford Try and Morrison Construction brands.
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Beyond education, the group’s expertise spans defence, water, highways and environmental infrastructure.
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The CPC appointment is expected to bolster Galliford Try’s order book through strategic framework appointments and major UK infrastructure opportunities.
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There is note of positive technical momentum in Galliford Try’s share price alongside the framework announcement.
Galliford Try has landed a spot on a £9.5 billion public sector construction framework, securing places on all five regional lots covering England, Wales and Scotland. Sharecast reported the framework runs for up to eight years under the Crescent Purchasing Consortium, known as CPC.
The framework covers new-build and refurbishment projects across schools, colleges, universities, healthcare facilities and civic infrastructure. It is one of the largest public sector construction frameworks in the UK.
Five Regional Lots Span the Entire UK
Galliford Try secured a place on every one of the five regional lots. That means the company can bid for work from Scotland down to the south of England. LSE noted the framework covers construction projects in education and the wider public sector.
The CPC framework allows schools, colleges, universities and local councils to hire construction firms directly through a pre-approved list. Winning all five lots gives Galliford Try the broadest possible reach across the programme.
CEO Frames Win as Education Contractor Milestone
Chief Executive Bill Hocking said the appointment reflects the group's status as a leading education contractor. He added that the company "looks forward to developing high-quality educational facilities and wider public-sector projects for communities across the country."
Beyond education, Galliford Try works across defence, water, highways and environmental infrastructure. The company trades on the London Stock Exchange and sits in the FTSE 250 index, operating under both the Galliford Try and Morrison Construction brands.
Framework Expected to Bolster Order Book and Revenues
Market Screener reported the CPC appointment is expected to support a steady pipeline of work and future revenues for the group. Analysts have given the stock a Buy rating with a target price of around £690 per share.
Analysts flag slower revenue growth and thin margins as things to watch. Still, the company's stable cash generation and its growing list of framework wins underpin confidence in its long-term outlook. Proactive Investors noted positive technical momentum in the share price alongside the announcement.
CPC Framework Deepens Public Sector Relationships
The Crescent Purchasing Consortium is a public sector buying organisation. It helps schools and other bodies get construction services through vetted frameworks, cutting procurement time and cost. Galliford Try's appointment locks in a direct route to those clients for up to eight years.
Sharecast reported the win strengthens Galliford Try's position in both the public sector and education markets. The company said it aims to use the framework to reinforce existing relationships with CPC clients while building new ones across all five regions.
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