Agenda item

Report from the Strategic Director of Regeneration and Environment.

Recommendations

That Cabinet:-

1.    Approves the final cost plan for Templeborough Business Zone as shown in Appendix 1 (exempt).

2.    Approves the final cost plan for the Markets and Library as shown in Appendix 4 (exempt).

Consideration was given to the report which provided an update on the Templeborough Business Zone and Markets and Library Projects. Following the Stage 1 design phase of the Templeborough Business Zoe (of a 2-stage design and build) in December 2023 final contract prices were made available by the preferred contractor Henry Boot. These costs were in excess of the current budget and were detailed in Appendix 1. Additional funding was now sought to deliver the Templeborough Project with the South Yorkshire Mayoral Combined Authority (SYMCA) devolved Gainshare budget identified as the source, subject to the SYMCA’s approval process.

A wide-ranging value engineering exercise had been undertaken to identify

how the scope of the Markets and Library Project could be delivered, and quality maintained within the budget agreed by Cabinet in December 2023. Final contract prices had been made available by the contractor Henry Boot. These costs, together with fees and contingency, exceed the budget agreed by Cabinet in December 2023. This was detailed in Appendix 4 (exempt). It was proposed that the additional budget requirement would be met from the

Council’s capital contingency.

Resolved:-

That Cabinet:-

1. Approves the final cost plan for Templeborough Business Zone as shown in Appendix 1 (exempt).

2. Approves the final cost plan for the Markets and Library as shown in Appendix 4 (exempt).