Decision details

1.    To extend the existing contract with KPMG for the provision of independent expert financial and commercial advice relating to the Hammersmith Bridge projects, until the end of the procurement process for the full strengthening and restoration of the bridge, up to the total cost detailed in exempt Appendix 1.

2.    To note that Appendices 1 and 2 are not for publication on the basis that they contain information relating to the financial or business affairs of any particular person (including the authority holding that information) as set out in paragraph 3 of Schedule 12A of the Local Government Act 1972 (as amended).

KPMG have been the Council’s sole independent expert financial and commercial advisors on Hammersmith Bridge since April 2021. They possess a considerable amount of knowledge and expertise specific to the bridge and the borough that an alternative provider would not possess. They also have experience of advising on similar and recent transport public private partnership projects. Extension of their current contract will expedite the procurement process for the full strengthening and restoration of the bridge, allowing it to reopen to motor vehicles at the earliest opportunity.

Option 1 (Recommended) – extend the existing KPMG contract for the provision of independent expert financial and commercial advice across a range of Hammersmith Bridge activities, up until the contract award for the full strengthening and restoration of the bridge.

Option 2 (Not Recommended) – do not extend the existing KPMG contract. The procurement process to appoint a contractor to undertake the full strengthening and restoration of the bridge cannot conclude without the completion of a specific set of documents and processes. KPMG are key contributors to these, and have alrea.