Decision details

Consideration was given to a report which requested the Council to approve an additional financial underwriting of the Pavilion project of £1M following the return of tenders and a subsequent value engineering exercise.

Decision

The Policy and Resources Committee –

1.    Noted that the Rothesay pavilion Adaptive Restoration and Extension Works Contract has been the subject of a competitive procurement exercise involving four tenderers.

2.    Noted that following the receipt of tenders a rigorous Value Engineering Exercise was required to reduce costs.

3.    Noted that following the completion of the Value Engineering Exercise a funding shortfall remained.

4.    Agreed to recommend to Council that an additional financial underwriting of £1M be taken from the unallocated general fund which increases total underwriting to £3, 620,000 taking the Council’s maximum contribution to £5,689,000.

5.    Noted that discussions are ongoing with key funding partners with a view to applying for additional funds, where possible.

(Reference:  Report by Executive Director – Development and Infrastructure Services dated 2 June 2017, submitted)