Decision

That the Director of
Planning and Growth;
 
1. 
Approves the variation of the contract with
Circet Ltd (formerly KN Networks
Services Ltd) in the sum of £961,800 to reflect contract
variations and the Settlement Agreement negotiated with
Circet Ltd in order to complete the
Works of Phase 1 Peckham Rye Station Square, as detailed in
paragraphs 7 to 15 and paragraph 30 of this report, making a total
contract value of £6,811,118.
 
2. 
Notes any delay in signing this
 Gateway will put the new
Practical completion of the 14 August 2023, as  stated in the Settlement Agreement, at risk and
expose the Council to  further claims
for extensions of time by Circet
Ltd.  The Settlement
 Agreement must be sealed no
later than Thursday 1 June 2023.