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Tower Hamlets Council launch 10 year £550 million services contract
ted.europa.eu/udl?uri=TED:NO…
I do not remember seeing it in the Contracts Forward Plan at recent Cabinet meetings, need to check
In theory a good idea, £550 m just for services not total value of works
But I used
1/
to work for CLM at the London 2012 Olympics which provided some similar services to this contract to the ODA
But CLM made £162 million profit on £496 million of work!
One of the reasons why I went from being supporter of 2012 Olympics to being less keen
2/
building.co.uk/news/olympic-d…
But we need to spend the £ we have and deliver the infrastructure/housing/schools we are supposed to deliver so this contract should have been in place sooner but it does need proper scrutiny given size/duration & structure (Dynamic Purchasing Systems not a framework)
3/
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