The works will include design and construction of embankment and cutting stabilisation works on both Bakerloo, Central and Victoria lines, and the surface lines along the Circle, District, Hammersmith & City and Metropolitan lines.
The frameworks, which will be for a five year period, are worth up to £9m per year for each firm and come after an eight-year assessment of all Underground cuttings and embankments.
These assets are typically over 100 years old and have been undermined by weather and vegetation growth over their life.
David Sockett, civils programme manager at London Underground, said: “The contracts will be economically efficient, incentivising both contractors to design the most cost effective solution and then construct it efficiently.
“LU will shortly issue the first two years worth of work to allow them to plan and resource as efficiently and strategically as possible.
He added: “Performance indicators will be used to monitor the contractors’ performances and the results may be used in the future in the awarding of work packages to the most successful contractor.”