Faithful+Gould has won its tenth project on the national Learning Skills Council (LSC) cost management framework, having been appointed as cost managers on the redevelopment of Southgate College in London.
The Southgate College project is worth an estimated £55 million. It began its programme in October and has seen Faithful+Gould provide cost management, supply chain management and life cycle costing expertise. Southgate College has approximately 12,000 students studying on full-time and part-time courses.
Faithful+Gould is a leading expert on the LSC framework and has been involved in a number of high-profile projects prior to working on the framework. These include the internal and external refurbishment of the City of Bristol College, the relocation of Hackney Community College’s 13 sites to two new build major sites in Shoreditch and Hackney, and the £26 million extension to construct four new buildings at Gloucestershire College of Art and Technology.
Andrew Constable, head of education at Faithful+Gould said: "Investment in education has reached unprecedented levels, making it one of the construction industry’s most dynamic, challenging and satisfying sectors. With the number of full-time students going on to further education increasing year-on-year - over 413,000 students enrolled in college or university in the UK last year, an increase of 5.8 per cent on the previous year – the pressure on local educational facilities is immense. In order to cope with these numbers, educational institutions are growing and developing.
"As an important part of the LSC framework, we have found that since the introduction of the Lifecycle Costing standard in August BS ISO 15686-5:2008: Buildings and Constructed Assets, Service Life Planning (which Faithful+Gould was a co-author of), a much greater emphasis has been placed on costing and the life cycle of a build. The standard is a valuable technique for predicting and assessing the cost performance of constructed assets. Utilising our knowledge in cost management, sustainability and project management, we are increasingly finding that more and more projects under the LSC framework are focusing on the long term outlook of the building - a key area of expertise for Faithful+Gould."
Since the introduction of the framework, Faithful+Gould has been successful across all three LSC regions (North, Central and the South) cost managing a variety of complex schemes.
The framework was created to allow the LSC to establish and maintain long term relationships with cost management, design and project management consultants around the country. An estimated £1.6 billion is due to be invested in the build and refurbishment of further education colleges in the UK over the next four years.