Decision details

Requesting additional budget for the Luxborough final account.

The Cabinet Member for Regeneration and Renters has approved:

• The final account?agreed between WCC and Wates Construction Limited of £11.25m, an increase of £2.65m (31% increase) on the approved construction costs of £8.6m in 2021/22. 

• The additional?£2.65m spend on the construction contract subject to being endorsed in line with the Council’s Procurement Code and Financial Regulations. 

• A drawdown from the General Fund Central Contingency within the approved capital programme to fund the balance of £1.15m in 24/25. 

• To note of the £2.65m variance, £1.5m has already been budgeted for within the 23/24 Capital Strategy approved by Full Council in March 2024.