Decision Maker: Head of Housing Development
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
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.
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.
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: