Decision details

Tender analysis and contract award.

Development of a six-unit speculative development, but in two stages – The detailed design is out to tender shortly for construction, and is to be followed by a further report to Cabinet on current market conditions and expected return on investment before proceeding with a construction contract.

RESOLVED

That the updated information relating to the capital cost of the project in the confidential appendix 2 and the Return on Investment (ROI) in section 8 of the agenda report be noted and the budget to enter into a contract with the preferred contractor, contractor (A),  to deliver the business unit scheme on Plot 21 Terminus Road Chichester be released.