Electrical contractor preferred bidder on former Pinnacle tower

T Clarke has been selected as the preferred bidder on Lipton Rogers鈥 22 Bishopsgate development, the firm said in a trading update.

The electrical contractor said the planned 62-storey tower - the tallest in London - was one of a new group of projects, with a combined contract value of 拢65m, where the building services firm has been selected but no contract signed.

The other contracts include Wesfield London鈥檚 740,000 sq ft extension, Lendlease鈥檚 two buildings in The International Quarter in Stratford, which will become home to the Financial Conduct Authority and Transport for London, and an office refurbishment at 148 Old Street.

T Clarke also reported an improved cash position of 拢6.6m at the end of 2015, as well as a forward order book standing at 拢300m.

The group added that it is now tendering for projects 鈥渟tretching into 2017鈥 and expects to report full year results in line with expectations.