Quintain Estates is slashing its nine-strong contractor panel in a bid to speed up development at its £2.1bn Wembley Park site, with some of the biggest names in the industry set to lose out.
Wembley Gardens Quintain housing CGI
The developer will reduce the roster of companies competing for work on the scheme to just four.
Construction News understands that six shortlisted contractors are now bidding to make it to the final framework, with Higgins, Mace, Vinci and VolkerFitzpatrick not included.
The six firms left in the running are: Bouygues; Carillion; John Sisk & Son; Kier; McLaren; and Wates.
Quintain has been on an accelerated build programme since February, when it received planning approval for the next phase of the North London residential scheme.
Its chief executive Maxwell James said at the time that planning consent would enable the company to increase the number of homes it could start in 2015 from 475 to 845.
The developer has targeted 1,200 completions by 2019 and has planning approval for 5,500 homes across the whole site.
In September, Quintain was acquired by private equity firm Lone Star for £745m. The buyer has also stated its ambition to speed up development at the Wembley Park site.
At the time of the acquisition, Lone Star Europe Acquisitions managing director Angus Dodd said: “We intend to contribute significant additional financial resources to help Quintain in its next phase of growth: to accelerate delivery at Wembley Park, building more homes more quickly and continuing the creation of a cohesive and exciting new community.”
Wates was the latest firm to bag work with the client, after signing a preconstruction agreement for its 370-home Alto Village in March last year.
Quintain declined to comment.