Contract award · 23 Jul 2025

Stratford Waterfront and Bridgewater Modifications to Development Agreement

London Legacy Development Corporation awarded “Stratford Waterfront and Bridgewater…” to Ballymore Limited for £600m. Awarded without open competition.

No competitionConstruction workLondon

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.

What “without competition” means

Key facts

Buyer
London Legacy Development Corporation · Mayoral Development Corporation
Value
£600,000,000
Procedure
Award procedure without prior publication of a call for competition
Sector
Construction work · Urban development construction work (CPV 45211360)
Region
London
Timeline
  1. Contract date23 Jul 2025
  2. Published22 Aug 2025Published 30 days after the contract date

Description

Description of the procurement: London Legacy Development Corporation (LLDC) entered into a Development Agreement (DA) with Stratford East London Partners LLP (as Developer) and Trapol Limited on 26 July 2022 for the development of the sites known as Stratford Waterfront and Bridgewater Triangle in the Queen Elizabeth Olympic Park, Stratford, London. The parties entered into a deed of variation of the DA on 30 October 2024 to amend the timing and payment mechanisms for infrastructure works being delivered by the Developer at Bridgewater Triangle, and have entered into a further deed of variation of the DA and ancillary documents to incorporate various modifications including: (i) fixed land values for each site, and increased profit share for LLDC as member of the Developer; (ii) variation of milestones for Bridgewater Triangle infrastructure works to reflect the updated programme; (iii) extension of the longstop date for satisfaction of conditions (including relating to planning and …

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