Decision details

For the AD, Regeneration & Economic Development to award a contract for valuation advice for the Wood Green Cultural Quarter Delivery Plan project to ‘BNP Parabis’ for the value of £9,750. This is in line with Contract Standing Order 8.02.

The Wood Green Regeneration Team has carried out a procurement exercise to procure services of a surveyor to provide critical site valuation information to allow the council to make informed decisions about the future of four key sites as part of the Wood Green Cultural Quarter Delivery Plan. The Request for Quote invited a suitably qualified surveyor to provide valuation advice for the project.

The advice will help the council to conclude the Wood Green Cultural Quarter Delivery Plan report.

A review was undertaken to determine whether the team could manage the complexity of the Wood Green Cultural Quarter Delivery Plan without the need for an external surveyor and identified that expert support was required. As ‘BNP Parabis’ is an expert surveyor with previous experience working in Wood Green, they are well placed to provide the site valuations that the council requires.

An alternative would be not to appoint, but this would mean that the council does not obtain accurate information to help inform critical viability decisions, and risks the council proceeding with recommendations for the sites in question without carrying out proper due diligence measures.