Settlement of Final Account
(Exempt under Paragraph 3 of the Act – information relating to the financial or business affairs of any person (including the Council))
Additional documents:
Minutes:
The Director of Housing and Neighbourhood Services submitted an update on the settlement of final account to Connaught Partnerships in relation to Decent Homes work carried out under a framework agreement.
EC Harris, commercial consultants appointed by 2010 Rotherham Ltd., had carried out a detailed interrogation of the works carried out by the company which had significantly reduced the disputed shortfall. Further discussions had been held with Connaught which had resulted in a proposed settlement figure.
Resolved:- (1) That the report be noted.
(2) That the payment made by 2010 Rotherham Ltd. of £300,000 final account settlement plus £101,600 (representing 80% of the £127,999 retention monies) to Connaught Partnerships in full and final settlement of the account be noted.
(Exempt under Paragraph 3 of the Act – information relating to the financial or business affairs of any person (including the Council))