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Social housing contractor Mears has picked up four former Connaught contracts potentially worth more than 拢100m, it said today.

Mears, which has previously said it had taken on an undisclosed number of contracts for a 鈥渘ominal鈥� sum, said today that it had gained a 拢48m contract for capital and cyclical works with Islington ALMO Homes for Islington, a decent homes contract for the London Borough of Lambeth, and two contracts with Exeter city council worth up to 拢20.5m.

The four-year Homes for Islington job could be extended to a decade, a move which would increase its value to 拢120m.

Mears said it remained in discussion with a number of other former Connaught customers. The news came in a trading update from the firm, in which it said its social housing revenue growth was likely to be marginally below expectations, but that it had outperformed expectations in terms of winning new work.

This includes a 拢300m ten-year job for housing association Family Mosaic to provide a 24-hour call centre, responsive repairs and estate management services.

It will also incur an unexpected 拢0.6m bill for mobilisation costs related to these new contract wins.

In total the firm鈥檚 bid pipeline is in excess of 拢3bn, with the order book standing at 拢2.6bn. It said 95% of consensus forecast revenues had been secured for 2010, with 90% secured for 2011 and 75% for 2012.

The firm said that the outcome of the comprehensive spending review would be positive for the firm as it would continue to drive outsourcing by local authorities.