Finsbury wins $15m government PM contract away from Stream Solutions

The PM contract, which is a “whole of government” exclusive supply deal, was awarded a few weeks ago and officially announced yesterday.

Finsbury’s print manufacturing will be “completely excluded” to ensure the contract is truly independent.

The group “encourages companies that wish to discuss supply opportunities to make contact as soon as possible”. It is believed that well over 100 printers and suppliers produced work through the Stream arrangement.

Finsbury chief executive Peter Orel told ProPrint that the win fits with its broader strategy to grow print management.

“We are delighted to add the Victorian government to our growing list of clients and look forward to working together with the respective departments as well as their incumbent suppliers and agencies to implement our solution.”

He revealed that Finbury will set up a print management unit (PMU) in Melbourne’s CBD.

“Finsbury Green has made a significant commitment to ensure service levels meet the requirement of the contract. Consequently a team is being formed as we speak,” said Orel (pictured).

The contract officially moves across to Finsbury on 18 June, having been held by Stream for the past four years.

Stream won the contract in 2007 and implemented the “whole of government” approach, which is believed to have been a first for the industry.

It is unclear what will happen to the staff at Stream’s Victorian government PMU, though an industry source told ProPrint the print manager had picked up “a number of recent wins”.

Stream general manager Clive Steele could not comment to ProPrint, and parent company Toll had not responded by time of writing.

A Victorian government spokesperson confirmed that the contract was worth $15m per annum.

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