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.

Opportunity overview

Minimum Requirements modified to: increase homes to be built on the site from 478 to 534; reduce commercial units from 1,000 sqm to 250 sqm; and remove obligation to retain the façade of the Bull Tavern pub. Modifications to the land price, payment timings and enhanced overage terms and conditions for the Contracting Authority. Modification so that the Contracting Authority no longer has an obligation to acquire 51 housing units, with those units now being taken by a Registered Provider ("RP"). New conditions precedent to secure a RP buyer of the affordable homes alongside the developer, to secure grant funding in respect of the scheme. The Contacting Authority intends to enter into the modifications pursuant to Regulation 72(1)(b), (c) and (e) PCR, where additional works, services or goods are needed, some result in non-substantial modifications, and others are the result of unforeseen circumstances. For completeness, there have also been modifications to the original scheme design in terms of block footprint, massing, height and tenures for the purposes of planning requirements.

Awarded to

Amounts belong to published awards or contracts. Where several suppliers share one value, it is labelled as shared and is not a supplier-specific allocation.

Classification

• CPV45000000 — Construction work

Lots

• 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.Value not stated