Bovis to Build BP Service Stations in Europe
Under the partnership agreement - which will run for five years - Bovis will build and maintain BP's retail sites in Europe and will derive its profit solely from the savings it achieves. By the end of 1997 at least 150 service stations will be built under the new arrangement.
"The scope and the scale of this alliance with BP breaks new ground for Bovis and it breaks new ground for Britain's construction industry," said Bovis Construction Group Chairman, Sir Frank Lampl at the official signing ceremony.
"We shall be working with BP in a true commercial partnership, deriving our profits from the savings we can deliver. That provides a tremendous incentive to Bovis and, we hope, a sizeable benefit to BP."
BP anticipates that the partnership will also benefit its customers who will see a larger number of service stations upgraded in a shorter period.
"Our aim is to achieve a substantial increase in capital productivity which will enable us to fullfil our future growth aspirations for the retail network," explains Dr Rolf Stomberg, Chief Executive of BP Oil. "The partnership with Bovis will be an important component in this, delivering the savings required on all our retail construction and maintenance in Europe whilst continually improving the service we offer to our customers."
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