Purpose

Approval of cost increase to
main works

Decision

That the Strategic Director of
Finance:
 
1. 
Approves a variation to the works contract for the
development at Lomond Grove with Glenman Corporation Limited (Glenman) from £7,783,403 to £8,804,964
an increase cost of £1,321,561 for the reason noted in
paragraphs 13 -14 (of the report), of which £956,116 is a
retrospective approval.
 
2. 
Notes the revised total scheme costs from
£9,420,681 to £11,212,314 including land acquisition
and on-costs further details of which are in the closed
report.
 
3. 
Notes a revised practical completion date of 22 May
2024, an additional 40 weeks.
 
4. 
Notes an additional variation to the capital
programme in the sum of £436,747 is required for the reason
noted in paragraphs 46-47 (of the report).