The Stadium is public property and will be leased out to a tenant after this summer's Olympic Games. The deadline to bid closed on 23 March but bids can now be submitted for eight weeks from this week, in a new time window.
The LLDC said it extended the deadline to address issues in the Invitation to Tender (ITT) which "may have deterred interested parties from bidding", such as details of governing body approvals, technical improvements to the stadium and the opportunity to bid for the right to exploit the Stadium naming rights. It has since made a number of changes to the ITT which remove barriers that may have prevented some parties from bidding.
As previously reported in Event, the final bidders for the Stadium include , which had hoped to buy the Stadium outright before its deal collapsed last October.
Andrew Altman, chief executive of the LLDC, said: "We are determined to run a process that is fair to all and delivers the best possible legacy for the Olympic Stadium. We have been very encouraged by the quality of the bids so far. However, a number of issues have arisen during the process and we believe it is sensible to give everyone more time so they can be addressed.
"We want to make the process as competitive as possible and extending the competition period will allow all parties that registered an initial interest in the Stadium another chance to bid.
"This is a significant public asset and a 99 year lease, and it is right that we take the time now to get the best possible outcome for the Stadium."
He confirmed the LLDC was still planning to sign contracts for the Stadium in October and to re-open it with a tenant in place in 2014.
The LLDC took over responsibility for the post-Games Olympic Park from the Olympic Park Legacy Company in April.
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