In a deal worth £50 million, the seven-year contract will run from January 2018 until March 2025, with the potential to extend by an additional five years.
Stantec will provide a range of services to support Yorkshire Water’s strategic plan. Working closely with the firm’s own in-house team, they will help to drive innovation in the approach to resolving risk; exploiting new technology, partnership working and use of markets. A commercial model arrangement will incentivise the delivery of results leading to exceptional service to Yorkshire Water’s customers.
Nevil Muncaster, Yorkshire Water’s Director of Asset Management said: “The appointment of Stantec demonstrates the first of a series of exciting changes that we are making to ensure that we excel in AMP7 and beyond.”
Yorkshire Water’s partnering arrangements throughout AMP7 involve an investment of around £1.5 billion. In support of this programme, the company is asking its supply chain partners to demonstrate the highest standards of process safety and innovation. Nevil Muncaster of Yorkshire Water explained: “Innovation is a key driving force, allowing delivery of more while keeping costs down and helping meet the challenges of climate change, population growth and economic pressures. Future supply chain partners will also need to support the development and delivery of low carbon solutions and enhance our use of standard products and solutions, off site construction and modular build.”
Yorkshire Water has deployed a ‘Six Capitals Model’ philosophy where supply chain partners will be asked to think beyond traditional construction and engineering requirements. The model encompasses financial capital, manufactured capital, natural capital, social capital, human capital and intellectual capital, with each of these elements needing to be factored into project design. This approach is being embraced as the firm looks to drive environmental, sustainable and social outcomes, as well as purely economic and financial.