Issue - meetings

1.    That Cabinet approves a waiver of the standard tendering requirements of Contract Standing Orders to permit a direct award of contract for the appointment of a contractor for a building scheme at Spring Vale Estate on the basis that the market for the works has been investigated and demonstrated to be such that a departure from Contract Standing Orders is justified.

2.    That Cabinet approves an increase in the project budget of £352,559 to allow for development costs that fall outside of the scope of the contract as well as a 5% contingency on the build contract. 

3.    That the increase in the project budget of £352,559 be funded by:

·         £105,768 of Right to Buy one for one receipts

·         A £246,791 increase in the Housing Capital Financing Requirement, financed initially by internal borrowing.