Decision details
Watford Business Park - Delegated Authority to appoint a Principle Contractor
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
This report provides an update on progress at
Watford Business Park and seek delegated authority to appoint a
principal contractor to deliver the scheme.
Decision:
1. that the progress to date and the procurement route implemented to select a principal contractor for the main works contract be noted.
2. that in the event that the tender returns/final contract sums following a detailed review of tenders are over the current allocated capital budget, the use of capital receipts from lease re-gears and renewals, disposals and overage payments up to a value of £2,000,000 from the council’s property investment portfolio in advance of seeking a further capital growth bid at budget Council in January 2022 be approved.
3. that delegated authority be granted to the Group Head of Place Shaping in consultation with the Portfolio Holder for Commercial Property, Planning and Housing Services to appoint a principal contractor for the main works, provided the value of the contract does not exceed the current capital budget combined with the capital receipts referred to in the report.
Report author: Lauren Sharkey
Publication date: 10/12/2021
Date of decision: 06/12/2021
Decided at meeting: 06/12/2021 - Cabinet
Effective from: 15/12/2021
Accompanying Documents:
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