The council is setting up a local authority company – called Newham Private Rent Vehicle – to build and buy homes for affordable rent.
These new homes will be rented to working residents who are on low incomes but are not be able to get a council home because they are not in priority need.
In the first stage, Newham aims to develop about 500 homes on council-owned land. This will later grow to more than 2800 homes on more complex mixed-use sites.
Jobs using the framework will start in April 2015 and also include extensive refurbishment of newly acquired properties using the new rental model.
The works element has been valued at £500m by the council over four years, with the consultants framework expected to generate anywhere between £20m and £40m in fee income.
Newham is planning to hold a soft market test to gather information from potential suppliers ahead of a formal invitation to tender.
To register an interest firms must complete the survey.