Issue - decisions

To support and enable the appointment of Avison Young (UK) Limited, in accordance with their submitted offer, to:

·         Prepare a CPCA-compliant Concept Paper and Full Business Case

·         Support funding applications for 11–12 High Street, Wisbech

·         Strengthen the Council’s ability to secure approximately £1.5m of external match funding

Timescales

Subject to appointment:

·         Concept Paper:

o    Completion within two working weeks from date of appointment

·         Full Business Case:

o    Completion within a further four weeks,subject to timely meetings with CPCA officers

·         Total Contract Time:

o    Six weeks from implementation to completion

Fees and Value for Money

·         Fixed fee: £21,612 (plus VAT)

·         Disbursements:

o    Reimbursed at cost and capped at £250

·         Invoicing:

o    100% of professional fees payable on receipt of the completed business case

The fee reflects:

·         The specialist nature of the work

·         The production of a full Green Book-compliant appraisal

·         The ability to use the outputs across multiple funding bids

This represents good value when compared with the scale of funding being sought and the importance of securing a successful outcome.

Decision:

To authorise appointment of Stephen Rosevear at Avison Young to undertake the required amendments to the Regeneration Plan and the 4 Year Investment Plan at a cost of £22,242 to be paid from the P4N capacity funding.