The Department for Business, Innovation and Skills (BIS) has announced that Capita plc is the successful bidder to acquire the assets of Constructionline for 35m on a cash free, debt free basis.
Constructionline is one of the UK’s largest procurement and supply chain management services and was set up by BIS initially for public sector contracts. It aims to reduce the annual cost (currently 165m) for construction industry buyers and suppliers, particularly SMEs, of repeatedly providing pre tender information.
Capita was awarded the original concession to run Constructionline, by the Government, in 1998 and was successful in subsequent re-tenders.