The contract is expected to be worth over £100 million, with the potential for this to grow significantly through increasing work that could see the creation of new jobs in the trades.
The joint venture, also known as Stockport Strategic Property Partnership (SSPP), will be established in September 2013, with the objective of transforming the Council’s operational and non-operational property portfolios.
The SSPP will deliver substantial savings for the Council, while maintaining high-quality services. The Partnership will initially be for 10 years, with the option to extend this for a further five years.
Carillion Chief Executive, Richard Howson, said: “We are delighted to have been selected for this strategic partnership with Stockport Metropolitan Borough Council.
“I believe this further success in the Local Authority outsourcing market once again reflects our ability to provide integrated service solutions that enable Local Authorities to reduce costs without sacrificing service quality.”
The joint venture will also have the opportunity to provide similar services to other Councils within the Association of Greater Manchester Authorities (AGMA), because they will have the option to procure services without the need for further procurement processes or costs.
Deputy Council Leader Councillor Mark Weldon said: “To achieve greater efficiencies and collaboration between public sector agencies to deliver local community services, we are transforming the Council’s estate and property portfolios.
“I am confident that the new operating model will deliver an effective and efficient strategic property service to meet the Council’s future priorities.”