Deed of variation to an existing development agreement with a procured development partner in respect of the sale, purchase and development of land located at Vincent Road, Woolwich

Location

Royal Borough of Greenwich

Description

The Contracting Authority intends to modify an existing DA entered into between the Contracting Authority and Hill on 21 August 2021. The DA will facilitate the development of Vincent Road, Woolwich, which was originally procured in accordance with the Public Contracts Regulations 2015, pursuant to the London Development Panel 2 Framework Agreement, in which the Contracting Authority undertook a mini-competition process.

Ammendments to Previous Notice

Award Detail

CPV Codes

• 45000000 - Construction work

Indicators

• Contract modified due to unforeseen circumstances.

Legal Justification

Following the Grenfell Tower Inquiry, new legislation and rules came into force which amongst other things required the redesign of large elements of the scheme to be delivered under the development agreement. The scheme was also impacted by macro economic factors, such as unforeseen and almost unprecedented build cost inflation. The provision of grant funding to support the scheme has required modifications.