A joint venture by Atkins and Skanska has won the first ever Asset Support Contract (ASC) for highways maintenance and we are delighted to announce that they will use Causeway Project Accounting (CPA) and Causeway Financials to help manage the contract.

The JV is expected to earn between £30M and £80M a year, depending on how much work is done on the Highways Agency's £400M ASC. Designed to deliver substantial savings compared to previous Managing Agent Contractor (MAC) contracts, the first contract to be re-tendered under ASC arrangements was Area 2 in the South West and is for five years. Although both Atkins and Skanska are already using CPA on a number of highways maintenance contracts, it would have been impractical for the two companies to share information between their different financial systems. Instead, by implementing Causeway Financials across the contract, they will benefit from the flexibility to meet the specific year-end reporting requirements of each company, whilst integrating with their in-house accounting systems James Atkinson, Causeway Executive Vice President Sales & Marketing , commented:

“The combination of Causeway Project Accounting and Causeway Financials provides an ‘ASC-ready’ package that is ideal for managing the complexities of such contracts while also controlling costs and adding value for the client.”
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