Issue - meetings

(Report of the Director of Children’s Services. To be introduced by the Cabinet Member for Children). The report seeks approval to grant an  increase in the cash limited budget by £1,426,119.00 to account for the final account sum and includes allowances for professional fees, furniture, fittings and equipment, ICT and disbursements.

Exempt information will be considered at Item 24 below.

Cabinet considered a report, introduced by the Cabinet Member for Children, which recommended that a proposed construction final account sum of £14,658,917.00 be agreed with the Contractor, Mulalley and Co. Ltd in advance of the Broadwater Farm Inclusive learning Campus project, and sought approval to increase the cash limited budget by £1,426,119.00 to account for the final account sum.

Exempt information was considered under agenda item 24.

RESOLVED

i)             That, in consideration of legal advice and guidance from CPG, a proposed construction final account sum of £14,658,917.00 be agreed with the Contracotr, Mulalley and Co Ltd, in advance of the project completing. This figure is based on being within the range produced by CPG on review of the construction contract Final Account.

ii)            This figure makes allowances for loss and expense to the Contractor relating to delays and extensions of time claims on all three phases of the project and also makes allowances for negotiation on variators where there is a discrepancy between the figures presented by the project Quantity Surveyor and the Contractor’s Quantity Surveyor.

iii)           That approval is granted to increase the cash limited budget by £1,425,119.00 to account for the final account sum and includes allowances for professional fees, furniture, fittings and equipment, ICT and disbursements.

Alternative options considered

Set out under exempt item 24.

Reason for decision

Set out under exempt item 24.