00:15:32 EDT Thu 02 May 2024
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SNC-Lavalin Group Inc
Symbol ATRL
Shares Issued 175,509,547
Close 2024-04-17 C$ 54.25
Market Cap C$ 9,521,392,925
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SNC-Lavalin to provide professional services in U.K.

2024-04-17 09:05 ET - News Release

Mr. Ian Edwards reports

ATKINSREALIS NAMED AS LEAD PROVIDER FOR POUNDS STERLING780 MILLION UK PROFESSIONAL SERVICES FRAMEWORK

AtkinsRealis (SNC-Lavalin Group Inc.) has been named as lead provider for a 780-million-pound-sterling United Kingdom professional services framework.

From April, 2024, AtkinsRealis will provide multidisciplinary services, including project and program management, advisory, and design and engineering on Lot 1 of the framework from Pagabo as sole provider, worth up to 500 million pounds sterling to the business. This will enable more than 2,000 public sector organizations across England, Wales and Northern Ireland to access AtkinsRealis's services via direct award across a range of markets, including: central and local government, defence, health, transportation, infrastructure, nuclear, power and renewables, and water and environment. The term of the framework is three years (with the option to extend for another year) and, in addition, AtkinsRealis has been appointed to Pagabo's new 27 million pounds sterling Scotland-specific framework, along with one other provider, over the same time period.

"Public sector organizations face a multifaceted challenge to maintain service provisions and achieve cost-efficiencies while delivering operationally net-zero facilities and sustainable infrastructure for the future," said Ian L. Edwards, president and chief executive officer, AtkinsRealis. "Under this new framework, our focus will continue to be on delivering market-leading solutions while helping to deliver better outcomes for clients and communities. The harmonization of our teams across our project management, design and engineering expertise as one AtkinsRealis enables us to draw upon our breadth and depth of capabilities, maximizing our ability to work seamlessly and provide one integrated offering for our clients and partners at a local level."

The appointment enables AtkinsRealis to continue to support its U.K. public sector clients through Pagabo, by providing professional services advice with respect to construction and built assets for another four years -- while at the same time unlocking social value and community benefits. Pagabo is among the U.K.'s leading procurement organizations, providing a suite of frameworks that enable public sector organizations to procure the goods and services they need.

Through its position on two earlier Pagabo frameworks as lead provider for the last eight years, AtkinsRealis has delivered more than 1,270 commissions for 215 clients in all regions of the U.K. and generated over 249 million pounds sterling of social return on investment in the last 12 months alone.

"Our reappointment as lead provider to the Pagabo professional services framework in England, Wales and Northern Ireland, and to the Scotland-specific framework, is a testament to the work our teams have been delivering for clients up and down the country over the last eight years," said Richard Robinson, president, U.K. and Ireland, AtkinsRealis. "Building on our reputation as trusted suppliers, AtkinsRealis is able to offer consistent innovation, a digital-led approach, and demonstrable success in delivering social value, and the full range of single services to full multidisciplinary projects and programs -- all from a sole provider, increasing efficiency in delivery and consistency of client service."

Social return on investment

The social return on investment (SROI) is calculated on public sector commissions, using the loop social value tool and a methodology which is accepted by the U.K. government to measure the social value elements on each project and to give them a proxy value. It covers social, environmental and economic benefits, and covers many of the United Nations Sustainable Development Goals (SDGs).

It enables AtkinsRealis to optimize the social value it delivers and maximize the benefits to local communities through the creation of jobs, supporting employment and skills, investing in local supply chains (SMEs (small- and medium-sized enterprises)), creating work for underrepresented groups, and helping to reduce homelessness and crime.

About SNC-Lavalin Group Inc.

Created by the integration of long-standing organizations dating back to 1911, AtkinsRealis is a world-leading professional services and project management company dedicated to engineering a better future for the planet and its people. It creates sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. It deploys global capabilities locally to its clients and delivers unique end-to-end services across the whole life cycle of an asset, including consulting, advisory and environmental services, intelligent networks and cybersecurity, design and engineering, procurement, project and construction management, operations and maintenance, decommissioning, and capital. The breadth and depth of the company's capabilities are delivered to clients in strategic sectors such as engineering services, nuclear and capital.

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