Wood Group wins $120m contract with Babcock

expat network

Wood Group wins $120m contract with Babcock

Wood Group has been awarded a new five year framework contract with a five year extension option, valued at approximately $120 million, by Babcock International to provide industrial services to a number of its UK sites.

The contract will be delivered by Wood Group PSN’s industrial service line business, Wood Group Industrial Services (WGIS) and maintains the company’s leading position in the UK marine sector.

More than 400 people will be employed on the contract that builds on Wood Group Industrial Services’ 15 year relationship with Babcock International. Surface preparation, application of protective coatings, scaffolding, insulation, rope access, cleaning and fire sentry services will be delivered under this framework contract.

Hugh Pelham, managing director of WGIS, said: “Securing this new contract is testament to our track record in the marine sector and relationship with Babcock International. We have a strong history of delivering marine projects safely, to schedule and to budget. I look forward to building on this across further Babcock Group sites, and successfully continuing our long-standing relationship with this key client.”

This is the second contract announced by WGIS this year. In February the company secured a new five year framework agreement with Valero Energy, an international manufacturer and marketer of transportation fuels, petrochemical products and power, to provide services to the onshore Pembroke refinery in south west Wales.

In 2015 Wood Group Industrial Services secured over $300m of new contracts.

Source: www.woodgroup.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.