Persimmon has signed the Department for Levelling Up, Housing and Communities’ Self Remediation Contract.
The contract, which the government sent out on 30 January 2023, requires developers to:
- Take responsibility for all necessary work to address life-critical fire-safety defects arising from design and construction of buildings 11m and over in height that they developed or refurbished over the last 30 years in England.
- Keep residents in those buildings informed on progress towards meeting this commitment.
- Reimburse taxpayers for funding spent on remediating their buildings.
The Self Remediation Contract’s commitments are consistent with the principles first announced by Persimmon in February 2021, when the business sait it would protect leaseholders from the costs of cladding removal or life-critical fire related safety remediation in buildings over 11m high constructed by the Group.
This month, Persimmon had identified 73 multi-storey developments it constructed in the 30 years prior to 5 April 2022 that now require cladding removal or other life-critical fire-safety work.
By 31 December 2022, the Group had incurred a total of £350m relating to provisions and costs (including those due to DLUHC for remediation already carried through the Building Safety Fund) for claims for building safety remediation. The Group believes this provision remains sufficient.
The Group has established a dedicated team which is working closely with landlords and their agents to progress the necessary works as swiftly as possible. Work is underway or already complete on 42 developments and Persimmon aims to start work at all remaining sites by the end of 2023.
>>Read more about Persimmon here.
