Awarded without open competition
Awarded without open competition. The buyer went directly to one or a few suppliers instead of advertising the contract. Procurement rules allow this only in specific cases, such as extreme urgency, when only one supplier can do the work, or for call-offs from an existing framework.
Key facts
- Buyer
- London Borough of Lambeth · Regional or local authority
- Value
- £161,978,600
- Procedure
- Award procedure without prior publication of a call for competition
- Sector
- Construction work · Construction work (CPV 45000000)
- Region
- London
- Official notice
- 008068-2025 on Find a Tender
- Timeline
-
- Contract date7 Jan 2025
- Published5 Mar 2025Published 57 days after the contract date
Description
The Council intends to enter into a deed of variation with the Developer and the Guarantor in relation to an existing development agreement between the parties (the Underlying Contract) to address changing circumstances since the Underlying Contract was entered into. The location, duration and nature of the works will remain broadly the same, still delivering new build housing, workspace, street market facilities and public realm improvements subject to a reduction in minimum affordable housing levels to 40% and a reduction in the minimum required level of workspace reprovision in alignment with Local Plan policy for mixed-use regeneration schemes. The Council has received commercial advice to review the updated financial appraisals and ensure that the costs and revenues are commercially reasonable, reflective of the wider market and represent best consideration for the Council
About the supplier
London Square Developments Limited: every public contract they have won, plus their Companies House record (company 07160957).