Purpose

IBC is required to undertake a business case
review to assess the viability of the proposed Stephen Hawking
Neuro Centre development.
 
Following quotations being sought from four
consultants with CBRE bidding, Savills declining the opportunity
and two further consultants not responding to repeated requests to
fee quote.
 
CBRE has fee quoted to provide health care
advisory services to the value of £15,000.
 
This contract will be funded from existing
Capital Budget associated with the Headway Suffolk project.

Decision

To award the contract appointment to CBRE for
the sum of £15,000.
 
Reason:
To enable the viability review to be conducted
as a matter of urgency and in order to ensure the project is
financially viable and is economically in the best interests of the
Council.