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Stradia Wins Prestigious Award

18 September 2017

Stradia has recently won the CIPS Supply Management Awards 2017 Best Procurement Consultancy Project in conjunction with our partners, Northampton Partnership Homes.  The other shortlisted finalists in this category were Ayming and Efficio.  The award ceremony took place on 13 September at the Grosvenor House Hotel, London and was attended by Nev Thompson who collected the award together with colleagues from NPH.  The details of the award were stated as follows:

“Northampton Partnership Homes (NPH) introduced innovative ideas when it set out to forge a long-term relationship with construction consultancy Stradia to deliver its capital works program. NPH, which manages Northampton Borough Council’s housing services, decided to appoint a single contractor to deliver its works programmes. As this was a new way of working for the organisation, it was considered prudent to appoint a consultant. The contract designed by Stradia included a payment system based on actual validated costs, subject to an agreed maximum price and involving a ‘pain/gain’ share mechanism based on the achievement of three KPI’s (time, defects and customer satisfaction). Non-achievement of the KPI’s leads to a tapering reduction in savings apportioned to the Contracting partner. The Partnership, based on full open-book accounting with clear cost visibility, was designed to deliver best value, cost savings and improved performance throughout the potential 10 years contract duration”.

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