The current 10-year deal commenced in October 2010 and will now run until September 2025.
The contract extension will see Balfour Beatty continue to support the council in determining cost certainty, in addition to maximising value through working collaboratively with the company.
Following the Partnership's V3 Digital Award in 2016, the contractor will continue to utilise digital tools, such as drones, laser scanning and BIM across the city, which enhances worker safety and improves asset information and decision making, while also benefitting road users and the local economy as a result of fewer road closures and restrictions.
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Steve Helliwell, Managing Director of Balfour Beatty Living Places, said: "We have significant experience in the highways industry and are dedicated to identifying new technologies which will benefit Southampton City Council and the city's residents. We are very pleased with the decision of Southampton City Council to extend our contract, a move which demonstrates the strength of our relationship and quality of works we provide."
As part of the contract extension, Balfour Beatty Living Places has pledged more than £500,000 of investment in local apprenticeships, graduates and those Not in Education, Employment or Training (NEETs), and £100,000 in local suppliers.
In addition, the company also manages the city's public safety and traffic CCTV cameras through a 10-year contract awarded in 2012. This contract will also be extended until the end of September 2025.
Councillor Jacqui Rayment said: "I am really pleased to be extending our Highways Services Partnership Contract. We have worked well together to ensure the partnership has not only delivered on its key objectives but contributed additional benefits to support economic growth, investment in the local community and customer focused activity above and beyond the original contract requirements."
(LM/JP)
