Derby City Council has pared the contestants down to Vinci Education and Balfour Beatty.
The news means expulsion for a third bidder, Galliford Try.
The project involves a mix of new build, plus major and minor refurb work.
The timetable is for a preferred bidder to be on board around July 2010, with the formal award of the contract expected around October-time next year.
Construction work on site is due to begin either late in 2010 or early in 2011.
The entire project is expected to be completed during 2014.
The programme will kick off with the building of three sample schools, due to open in September 2012. These are the Derby Moor Community Sports College (major refurb); plus Noel-Baker Community School and St Martins School (both new build).ADVERTISEMENT
The new-build Lees Brook Community Sports College is also expected to open in September 2012.
Expected to open in September 2013 are the Bemrose Community School and St ClareвЂ™s School (both new build); Littleover Community school and St Benedict Catholic School (both major refurbs); plus the first phase of a pupil referral unit.
The rest of the schools are due to open in September 2014. These are the Murray Park Community School and Woodlands School (both major refurbs); Chellaston School, West Park School and St AndrewвЂ™s School (minor refurbs); plus the second phase of the pupil referral unit.
The Derby deal is part of the governmentвЂ™s ВЈ48bn BSF programme and is DerbyвЂ™s biggest-ever school building investment programme.
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