Purpose

Overspends have been recorded on the projects
with the 19/20 Incentive Fund Programme coloured red in the
attached report. The projects have overspent as a result of:
19/20 Centenary Way PTSI - Actual Outturn slightly higher cost than
estimate, slightly above normal tolerance for the framework
(8%).
19/20 PBIs Package A Lancashire East - Actual Outturn slightly
higher cost than estimate but still within tolerance (3%).
19/20 Tower Lodge Retaining Wall – Actual works required
larger than scope. Additional works required to stabilise scour.
Works are still ongoing but have been funded in subsequent years by
the Maintenance Budget.

It is proposed to offset these with underspends from the projects
coloured yellow in the attached report.

Content

A decision was made that from the 19/20 Incentive
Fund Programme that the underspends from: Moss Hey Lane, PBI's
Package B, Hargreaves and Turpin PTSI's be used to offset the
overspends for Tower Lodge, PBI's Package A and Centenary
Way.