Issue - decisions

APPROVAL TO APPOINT ARKBUILD PLC. AS MAIN CONTRACTOR FOR THE CONSTRUCTION OF 10 GENUINELY AFFORDABLE NEW HOMES AT SPRING VALE ESTATE

06/02/2019 - Approval To Waive Contract Standing Orders And To Appoint Arkbuild PLC. As Main Contractor For The Construction Of 10 Genuinely Affordable New Homes At Spring Vale Estate

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.