Decision details

Award of a contract under Contract Standing Order (CSO) 9.07.1c to Knight Frank to provide Sales and Marketing Advise in regard to the Ashley Rd Project.

Decision Maker: Head of Housing Development

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

The Head of Housing Development approves the award of a contract to Knight Frank as allowed under CSO 9.07.1c (Bid Acceptance and Contract Award) in the sum of £36,000 + VAT to provide Sales and Marketing Advise in regard to the Ashley Rd Project, following a competitive procurement process.

Reasons for the decision:

The scheme aims to provide c 298 Homes including 149 homes for sale. The sales homes will generate £ 65 M of receipts to help cross subsidise the rented homes. To ensure the sales homes are in line with the market and to optimise returns we require detailed expert advice.

Alternative options considered:

We could proceed without this advice. The scheme relies upon creating over £ 65 M of sales cross subsidy so there would be a considerable risk of not maximising the cross subsidy without advice. Given that we had only one valid return we could retender but given the tight design programme this advice is required urgently. Delays in receiving the advice by retendering will mean we run the risk of not maximising returns. Knight Frank are a recognized supplier of this service and have provide advice in the past in regard to this scheme

Publication date: 23/07/2021

Date of decision: 07/07/2021

Accompanying Documents: