Decision details

To agree a 3 year extension to the contracts

RESOLVED:

1.  That the variation of contract A (north of the borough) heating and water contract to OCO Ltd to extend the term of the contract for a period of three years from 1 April 2021 at an estimated sum of £12.5m per annum making a total estimated extension value of £37.5m, and estimated contract value of £82.5m for eight years composed of actual and projected expenditure be approved.

2.  That the variation of contract B (south of the borough) heating and water contract to Smith & Byford Ltd to extend the term of the contract for a period of three years from 1 April 2021 at an estimated sum of £8.2m per annum making a total estimated extension value of £24.6m, and a total estimated contract value of £59.3m for eight years composed of actual and projected expenditure be approved.