Bovis Lend Lease
 |
|
| Division | |
| Industry |
Project management Construction |
| Founded |
1885 as Bovis (London) Acquired by Lend Lease Corporation in 1999 |
| Founder | C. W. Bovis |
| Headquarters | London, United Kingdom |
|
Area served
|
Global |
|
Key people
|
Ray Spencer (CEO) |
| Services | Construction and project management |
|
Number of employees
|
10,000 (approx) |
| Parent | Lend Lease Group |
| Divisions | Retail, Commercial, Residential, Telecommunications, Infrastructure, Multi-Sites |
| Website | www |
1885 as Bovis (London)
Lendlease Project Management & Construction (formerly Bovis Lend Lease, trading as Lendlease) is the international project management and construction division of Lend Lease Group.
The origins of Lendlease Project Management & Construction date back to the establishment of C. W. Bovis & Co by Charles William Bovis in London in 1885. It changed hands in 1908 when it was acquired by Samuel Joseph and his cousin, Sidney Gluckstein.
Bovis was one of the few construction companies to go public in the 1920s, during which time it developed an extensive retail clientele, by far the most important and long lasting of which was Marks & Spencer. Central to the relationship with Marks was the pioneering Bovis System contract, designed to bring the interests of the contractor and client together: “the Bovis System pays the builder the prime cost of the work plus an agreed fee to cover overheads and profit. The client receives any savings during construction instead of the contractor.”
During World War II, Bovis built the munitions factory at Swynnerton and worked on Mulberry harbour units. At the end of hostilities, Bovis resumed work for the private sector and in the early 1950s, the company moved into housing. Following the acquisition of Frank Sanderson's business in 1967, Bovis Homes expanded rapidly and became one of the largest housebuilders by the early 1970s.
Frank Sanderson was to change radically the future of Bovis. He was appointed Managing Director of Bovis Holdings in January 1970, and Chairman and Chief Executive in August 1972. After a number of housing acquisitions, Sanderson attempted to obtain control of P&O by means of a reverse takeover. An initial agreement was followed by a boardroom and shareholder revolt at P&O and at the end of 1972 the merger failed. There was boardroom dissension, too, at Bovis and Sanderson was forced out in September 1973.
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Wikipedia