Balfour Beatty has been appointed as preferred bidder by Derby City Council for its £231m Building Schools for the Future (BSF) programme.
It is the second BSF deal for the construction giant inside a week, after being confirmed as winner for the Oldham scheme on Friday.
Balfour Beatty had been shortlisted with Vinci for the Derby BSF.
The programme involves the design and new build or refurbishment of 14 schools in the city with funding for three schools to be raised through a Balfour Beatty led PPP concession.
All construction and facilities management will be carried out by Balfour Beatty. ICT services across all the schools will be delivered in conjunction with RM, a leading ICT education provider.
The initial phase of the scheme will begin in November of this year with the new build of Noel-Baker Community School and Language College and St Martins School, together with the major refurbishment of Derby Moor Community Sports College. All of these schools are scheduled to open for the new academic year in September 2012.
Upgrades and new builds of the other schools will commence once financial close has been achieved with all work to be completed for the new academic year in September 2014.
Balfour Beatty will invest equity of £6.6m into the 25-year concession to operate and maintain the school facilities and provide related services for the three PPP schools.