Mouchel Parkman is part of a consortium that is planning to put in bids for three of the eight regional distribution networks of the Transco National Grid. Each is worth £1bn.
Business development director Stuart Black said: "We are working with one bidder, which is looking at two or three of these. They should come up in the next 18 months."
Black added that the company also hoped to work on the next phase of signalling work on the London Underground. Last year, it won an eight-year contract worth £50m with Alcatel, a French telecoms firm, for the Jubilee and Northern lines. Work on the next phase of the Piccadilly line, should start next year.
Black made his comments after the announcement of Mouchel Parkman's interim result for the six months to 31 January.
The group made a pre-tax loss of £200,000, which Black attributed to the £5.4m cost of the merger in September that formed the company. This led to nearly 50 redundancies at a cost of £1m.
We are working with one bidder, which is looking at two or three gas projects
Stuart Black, director
However, the combined interim results of Mouchel and Parkman last year showed a 32% rise in turnover, which increased to £125.5m.
Mouchel Parkman announced that it had won four framework contracts in the water sector worth £73m. These include a 10-year contract to provide leak detection services in north-east London for Thames Water and two deals with Scottish Water Solutions.
Chief executive Richard Cuthbert said: "The contracts provide further evidence that clients are looking to place more work, for longer periods, with fewer suppliers."
n Construction consultant James R Knowles is to bring in a director to head its operations in the USA.
Chairman Roger Knowles said that results there had been disappointing and that a manager would be brought in with a mission to bring stability.
No comments yet