Decision details

Lisson Arches Development

Decision Maker: Cabinet Member for Finance and Council Reform

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


Summary of Decision

The Cabinet Member for Finance and Council Reform has, in consultation with the Cabinet Member for Climate Action Regeneration and Renters and the Cabinet Member for Housing Services:


·         Approved the additional £3,203,958 variance spend to the original signed construction contract so the final account to be agreed between the Council and ULS for the works delivered shall be £27,801,133.


·         Noted the increase in budget of £3.3m will be funded from the Affordable Housing Fund receipts.


Reasons for Decision

The project is approaching the practical completion stage and under the construction contract, a final account agreement is required between the WCC and ULS.

The original Cabinet Member decision was published on 8th March 2021. Throughout the course of the project, a number of changes have been instructed under the contract. There have also been loss & expense claims submitted by the contractor. WCC and ULS have now come to a commercial agreement with regards to the final account. The proposed final account now stands at £27,801,133 this represents a variance of £3,203,958 against the original contract sum approved and awarded by the Council.


Publication date: 20/10/2023

Date of decision: 20/10/2023

Effective from: 28/10/2023

Accompanying Documents: