Work will kick-off at the end of the season in May with the demolition and replacement of the Stan Cullis (North) Stand after Buckingham beat Galliford Try and Sisk to the job.

Sports specialist Buckingham has been responsible for building the London 2012 Handball Arena, Stadium MK in Milton Keynes and The American Express Community Stadium in Brighton.

The contractor is aiming to complete the construction of the lower terraces of the new Stan Cullis Stand early in the new season, which would see some uncovered seats released back to the Club so that Molineux’s capacity is kept-up during construction.

Wolves chief executive Jez Moxey said: “We are delighted to be appointing Buckingham Group as the Main Contractor for this project.

“We undertook a rigorous tender and interview process to secure the most suitable main contractor, who not only has a track record and experience to deliver a facility which we can all be proud of, but one who has done so on time and within budget.

“I’d like to thank everyone who participated in the tender process. It was a very strong field packed full of first class expertise.

“I’d also like to pay early thanks to our project managers, Drivers Jonas Deloitte, our Architects, AFL, and all the companies who make up our professional team.”

Buckingham director Kevin Underwood said: “”We are really looking forward to working with the club to safely deliver a fantastic new stand for the fans and the community, and to set the benchmarks for quality, cost-effective and timely delivery that will influence further phases of the planned development.

“Additionally we are looking forward to extending the relationship with the professional team, many of whom we have worked with on other high-profile prestigious stadium projects”.