Purpose

As set out in the Cabinet paper of October
2022, the Temple Quarter project partners are aiming to create a
Joint Delivery Vehicle (JDV) to deliver the regeneration of the
area around Bristol Temple Meads Station and St Philip’s
Marsh.
Homes England (HE) has appointed Deloitte Touche Tohmatsu Limited
(“Deloitte”) and Eversheds Sutherland (International)
LLP (“Eversheds Sutherland”) to provide services in
relation to the regeneration project and creation of a Joint
Delivery Vehicle. This advice includes strategic property advice,
financial modelling and the procurement and delivery strategy for
taking forward BTQ. This decision is to sign up to an agreement
between HE and the council to agree that the liability for the
payment of fees payable to Eversheds Sutherland will be shared
between HE and the council.
This funding covers the work required in order to develop the
strategy to take forward BTQ and the creation of the JDV (including
further) funding will be brought to Bristol City Council’s
Cabinet for endorsement.

Content

Approval to increase the cost sharing
agreement with the Homes and Communities Agency (trading as Homes
England) relating to the payment of professional fees incurred in
relation to the Bristol Temple Quarter Project, by £126,506
from £316,763.

Alternative options considered

Option 1 - Alternative options:
•Novate the contracts for both Deloitte and Eversheds to
Bristol City council so that BCC would take on the full and ongoing
costs related to both commissions. This option was not preferred
due to:
•the time it would take to novate the contracts meaning we
would miss the key deadline of 7th July
•It is the intention that both contracts are novated to the
Joint Delivery Vehicle when it is set up in December so we are
avoiding novating the contracts twice, first to BCC then to
JDV
•The cost sharing agreement allows Homes England to contribute
further funds to these commissions at a later stage, which would
not be possible if the contracts were novated
•Procurement rules at BCC may require the contracts to be
re-procured which would add delay and cost to the programme
Option 2 -
Option 3 -