Utilities framework delivers big savings for Kingdom
Kingdom housing has this as summary: it must operate as efficiently as possible to ensure that its tenants receive value for money from its landlord and service provider.
Kingdom Housing Association has said that it, and its group subsidiary companies, recognises that, in the current economic climate, it must operate as efficiently as possible to ensure that its tenants receive value for money from its landlord and service provider.
Kingdom Group has recently conducted a procurement exercise using the Scottish Government Utilities Framework agreement for the procurement of its office gas and electricity supplies. In addition, it has used the same framework agreement for the procurement of electricity in more than 180 locations for common stair lighting and associated common electricity supplies.
Nick Pollard, Director of Finance and Digital, said: “We are delighted to have achieved significant and real cost savings for Kingdom and its customers as a result of using the Scottish Government Utilities Framework agreement in a procurement exercise that will deliver operating cost efficiencies.
The total saving to Kingdom Group’s management overhead costs is estimated at £42,149 against the original annual cost of £158,023 which represents an average cost saving across our utility supplies of 26.67%.
“We look forward to working with our new utility partners under this 12-months rolling contract, EDF Energy and Total Gas and Power.”
Bill Banks, Kingdom Group Chief Executive, said: “The board received feedback on the efficiency savings at the March board meeting and agreed the savings from the communal space electricity supplies would be passed onto customers through restricting the 2020/21 service charge increase.”