GLA launches £20Bn developer framework

The Greater London Authority (GLA) has started the procurement process for bidders to secure a place on a £20Bn framework.

The London Development Panel 2 (LDP2) will replace the current framework, which comes to an end in November.

It is estimated the new framework is worth £20Bn and is described as providing ‘all activities necessary to construct and complete the development and associated infrastructure as well as the marketing, sale and transfer of the completed development to eventual owners.’

The current framework consists of 25 companies, with the new four-year framework set to expand this number to 30 who will be responsible for the delivery of residential-led schemes in London.

Companies operating individually or as part of a consortium are eligible to bid.

There is an option to extend the scheme by a year to ‘continuity of housing delivery during a period of potential political hiatus caused by the Mayoral election cycle within the contracting authority.’

The deadline for interested companies to submit bids is 11 August 2017.

If you would like to read more articles like this then please click here

The post GLA launches £20Bn developer framework appeared first on UK Construction Online.