GLA Procurement – GLA Oversight Committee

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The GLA Group spends around £10 billion on its procurement activities every year. Almost £53.5 million was spent on the abandoned Garden Bridge project. TfL has reached an out-of-court financial settlement with the STC group, following a legal complaint about the procurement process for the construction of the Silvertown Tunnel. At the time of the pandemic, Bond Street was in a unique position compared to all other stations in the actual programme for the railway programme. This meant it was 18 months behind the contract for the new railway station for Bond Street.