Olympic Village developer Lend Lease has invited five firms to bid for work at the ￡1 billion East London project site. Bouygues, Galliford Try, Barratt East London, Wates and Ardmore Construction are understood to have been asked to submit tenders to develop the first residential plot for the job. Lend Lease and the Olympic Delivery Authority hope this will increase competition, leading to reduced prices and a spread of risk. A spokesperson for Lend Lease said Bovis would continue to carry out construction management on the job,but that it had not been decided how much of the work Bovis would carry out itself. She added: "It was always the intention to go out and test things with other contractors, and to look at a number of procurement methods. "Bovis will definitely do some of the work themselves, but how much depends on the response we get from the market.After we've tested the waters well decide how much of it will go to tender."
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