A joint venture led by Midlands support services and construction company Carillion has been awarded a contract worth a massive £690 million to maintain and upgrade Ministry of Defence family accommodation.
MODern Housing Solutions (MHS), comprising Carillion with a 50 per cent stake, Atkins (25 per cent) and Enterprise (25 per cent), will be responsible for maintaining and upgrading 45,000 properties in England and Wales.
The contract is over a seven-year period, with the potential for a three-year extension.
Now getting off the ground, full service delivery of the project will begin in March.
Commenting on the Defence Estates deal, John McDonough, Carillion's chief executive said: " Government's outsourcing of support services is a major growth market and defence is one of our key target sectors.
"We look forward to working with Defence Estates and are committed to offering an excellent service for the families living in these properties, by focusing on customer care, quality and value for money."
It is Carillion's second major success in as many weeks, having signed a £ 500 million Regional Prime Central contract earlier this month to maintain the MoD's 8,500 buildings and other assets across the Midlands, North of England and Wales.
Admiral Peter Dunt, the chief executive of DE, said he was confident the latest arrangement would deliver " expected improvements, both in service and value for money".
Wolverhampton-based Carillion has a turnover of around £2 billion and over 19,000 employees.
Atkins, which has major Birmingham operations, claims to be the largest multi-disciplinary consultancy in Europe, the largest engineering consultancy in the UK and the seventh largest design firm in the world.
Enterprise is a support services company operating in the utility, local authority and public sector markets.