---
title: "East Wick and Sweetwater - Modifications to Development Agreement"
ocid: "ocds-h6vhtk-037466"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-037466"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-037466.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-037466.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "LONDON LEGACY DEVELOPMENT CORPORATION"
published: "2022-10-10"
---

# East Wick and Sweetwater - Modifications to Development Agreement

Buyer: LONDON LEGACY DEVELOPMENT CORPORATION  
Current stage: Award  
OCID: ocds-h6vhtk-037466

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## Summary

The London Legacy Development Corporation has awarded a contract for the modifications to a Development Agreement for the East Wick and Sweetwater project in the construction industry. The contract was signed on October 7, 2022, and is valued at GBP 800,000,000. The procurement method used was the award procedure without prior publication of a call for competition.

This tender for the East Wick and Sweetwater project presents significant business growth opportunities for companies in the construction industry. Businesses specialising in construction work for multi-dwelling buildings and individual houses would be well-suited to compete. The tender process has now reached the award stage, with the active status of the contract signifying an ongoing opportunity for interested parties.

## Notice

Modifications to a Development Agreement for the development of the site known as East Wick and Sweetwater in the Queen Elizabeth Olympic Park.

### Lot Information

Lot 1

London Legacy Development Corporation (LLDC) entered into a Development Agreement (DA) with East Wick and Sweetwater Projects (Holdings) Limited on 27 February 2015 for the development of the site known as East Wick and Sweetwater in the Queen Elizabeth Olympic Park, Stratford, London. The DA was varied by a supplemental agreement and deed of variation dated 14 July 2016, a deed of variation dated 26 July 2016, a deed of variation dated 15 December 2017 and a deed of variation dated 21 December 2018. The parties have entered into a further deed of variation and ancillary documents to amend the DA to incorporate various modifications including the following: (i) Reduction in share of returns payable to LLDC; (ii) A private unit by private unit overage provision for further payments to LLDC above the fixed returns for sales of private units; (iii) Simplifications to the arrangements governing LLDC's share of Private Rental Sector revenues whereby 16% of the Private Rental Sector units in Phases 2-7 are owned outright by LLDC; (iv) Modifications to termination payments to cover costs incurred; (v) Introduction of tighter development milestones requiring specified delivery by the Contractor in respect of each of the phases; (vi) "Golden Brick" arrangements in respect of blocks containing 100% affordable housing units or 100% private rented units; and (vii) the removal of Phase 6 from the DA. LLDC considers that the modifications have been brought about by circumstances which a diligent contracting authority could not have foreseen, they do not change the overall nature of the contract and the price has not increased by more than 50% of the value of the original contract. The modifications have been brought about as a result, inter alia, of adverse market conditions which have been caused in part and exacerbated by the COVID-19 pandemic. LLDC therefore considers that Regulation 72(1)(c) of the Public Contracts Regulations 2015 applies. Furthermore, LLDC considers that the modifications are not "substantial" for the purposes of Regulations 72(1)(e) and (8). The modifications do not render the contract materially different in character from either the original DA or the immediately preceding version. Whilst some of the modifications when considered alone are in the Contractor's favour, LLDC has sought to counterbalance this with modifications in its own favour, so that the effect on the overall economic balance is neutral. LLDC therefore considers that Regulation 72(1)(e) also applies. As a result, LLDC considers that the modifications may be made without a new procurement procedure.

### Procurement Information

See explanation at Section II.2.4.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/028421-2022 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Works |
| Procurement method | Limited |
| Procurement method details | Award procedure without prior publication of a call for competition |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 10 Oct 2022 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 6 Oct 2022 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £800,000,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | LONDON LEGACY DEVELOPMENT CORPORATION |
| Locality | LONDON |
| Post town | East London |
| Postcode | E20 1JN |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI41 Hackney and Newham |
| Local authority | Newham |
| Electoral ward | Stratford Olympic Park |
| Westminster constituency | Stratford and Bow |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | EASTWICK AND SWEETWATER PROJECTS (HOLDINGS |

## CPV Codes

### Divisions

- 45 - Construction work

### Codes

- 45000000 - Construction work
- 45211000 - Construction work for multi-dwelling buildings and individual houses

## Release History

- 10 Oct 2022 at 13:05 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/028421-2022

## Notice URLs

- http://www.queenelizabetholympicpark.co.uk
- https://www.delta-esourcing.com/delta/viewNotice.html?noticeId=719849409

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-037466. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-037466.json.