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Highways Agency in Olympic inflation busting plan

News

HIGHWAYS AGENCY officials are drawing up a plan to beat construction price inflation expected to result from Olympics related construction work.

Major projects director Keith Miller said that the strategy was likely to centre around more effi cient procurement from suppliers to its early contractor involvement firms.

The measures were outlined this week after the Agency revealed that its latest business plan contained a capital programme for 2006/07 worth more than £1bn.

The Agency is already encouraging its maintenance contractors to work with local authorities to jointly procure materials and supply chain expertise. This is now set to be extended to major projects.

The £1.05bn spending programme for 2006-2007 is almost double the £589M spent last year. It will be followed by a £905M spend in 2007-08. 'This is continuing good news for the capital programme, ' said Miller.

'We should award five ECI contracts this year compared to four last year. But there are pressures on costs, particularly in energy.' Miller said a 'robust action plan' would be produced in the next two months.

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