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Rivals hunt for £30m uni honours

CONTRACTS - LONDON

FIVE firms are chasing a £30 million contract to build a new academic building for the London School of Economics.

Bovis Lend Lease, Geoffrey Osborne, HBG, InteriorExterior and Kier are all bidding for the scheme in Holborn, central London.

LSE has bought the former Public Trust building on Kingsway to house the centre.

The cost of the job could vary from around £27 million to up to £36 million, depending on whether the university carries out refurbishment work or opts for a complete new build within a retained facade.

Work is due to start in September and will take two years to complete.