Ventia has been awarded an extension of its contract providing Asset Maintenance Services to the NSW Land and Housing Corporation (LAHC).
The 18-month extension will generate a base contracted revenue of $124m for Ventia with the opportunity to provide additional programs of work volumes of $160m subject to proceeding with further approvals. It will see the team continue delivering maintenance, project and program services in Sydney, Newcastle and the Hunter Valley.
The original contract was awarded to the team in April 2016, and its extension was awarded taking the term up to December 2022.
Ventia delivers more than 350,000 programs of work annually for LAHC in about 60,000 homes. To be successful in the high-volume contract, Ventia invests significantly in technology innovations. This enables real-time visibility of work-in-progress, fast and effective maintenance, and tenant satisfaction ratings that consistently exceed 90 per cent.
All subcontractors on the contract are small and medium enterprises (SMEs). Collectively, they employ approximately 3,500 people and 160 apprentices. Five of these SMEs are also social enterprises employing people with disabilities, the long-term unemployed, youth and people from disadvantaged backgrounds.
Ventia Group Executive of Defence and Social Infrastructure Derek Osborn said: “The award of this extension is testament to the exceptional service delivered by our team throughout our 18-year relationship with NSW Land and Housing Corporation, and from the outset of this contract. I’m pleased that this extension provides the opportunity to continually innovate and improve our service for the benefit of LAHC, its tenants and the wider communities.”