The transfer of responsibility follows discussions between the ODA, the Legacy Company and the Government Olympic Executive (GOE) over how best to deliver the post-Games transformation works in a way that ensures value for money and avoids duplication. ODA scope and budget for transformation has also now transferred to the Legacy Company.

The Legacy Company will then build on the huge physical transformation of the Olympic Park site in line with their broader legacy blueprint to make the Olympic Park a global destination for homes, jobs, sport and leisure.

The Legacy Company will take on over £300m of scope and budget from the ODA, who have also seconded their transformation team to the Legacy Company, to oversee the process including the removal of temporary venues and structures on the Olympic Park, removal of Games-time elements of permanent venues and the reconfiguration of roads, bridges and other infrastructure for legacy-use.

In addition, the Legacy Company has appointed international consultancy and construction company, Mace, as its project management partner to work alongside them to manage the delivery of post-Games transformation work. Mace will initially manage two Tier 1 contractors to be appointed by Christmas for the North and South Park, plus existing conversion contracts such as the Aquatics Centre.

Dennis Hone, Chief Executive of the ODA, said:

“The ODA is close to finishing the Olympic phase of regenerating this part of east London with new sports venues, parklands, homes and infrastructure nearing completion on time. Passing the baton for post-Games conversion works to the Olympic Park Legacy Company will ensure value for money as there will now only be one public body responsible for the work on-site after the summer of 2012, enabling the ODA to conclude its contracts and wind-up early if possible. It will also ensure a speedy transition that will see the Park opened to the public as soon as possible after the Games.”

Colin Naish, Executive Director of Infrastructure at the Olympic Park Legacy Company, said:

“By taking on the transformation work, the Olympic Park Legacy Company can be more efficient and effective in our plans to re-open the Park after the Games and, by working closely with Mace, ensure the transformation works support our long-term vision for the Queen Elizabeth Olympic Park.”

Mark Reynolds, Deputy CEO of Mace, said:

“We are thrilled to be one of the few companies to have been involved with the regeneration of the Olympic Park from inception, with the original master-planning and contributing to the Candidate City bid, through delivery of London 2012 Olympic and Paralypmic Games with CLM Delivery Partner (the ODA’s delivery partner) and now onto delivering the legacy. We look forward to developing a world-class legacy with the Olympic Park Legacy Company.”

The procurement process for the transformation of the Olympic Park is already underway, with a split shortlist of seven companies bidding for contracts in either the north or south areas of the 500 acre site. This process will not be affected following the changing of responsibilities.

A total of 145 firms registered their interests following the start of procurement by the ODA in late February – 68 of these were for work in the North Park and 77 for the South Park.

The shortlist for the North Park is: Balfour Beatty Group; BAM Nuttall; Carillion Construction; Lend Lease Construction; and Skanska Construction UK.

The shortlist for the South Park is: Balfour Beatty Group; BAM Nuttall; Lend Lease Construction; VolkerFitzpatrick; and Skanska Construction UK.

A tender process is underway with the winning bidders expected to be announced in December 2011.