Issue - meetings

To approve the procurement strategy for the leasehold and ancillary properties buildings insurance contract.

RESOLVED:

Decisions of the Cabinet

1.  That the procurement strategy outlined in the report for the leasehold and ancillary properties buildings insurance contract for a period of 3 years, with an option to extend for 2 twelve month extensions, making an estimated contract value of £17m be approved.

2.  That it be noted that in the event that tender bids are significantly higher than the current contract price, the option to extend the current contract may be exercised and would form the subject of a separate Gateway 3 report.

Decision of the Leader

3.  That authority be delegated to the cabinet member for housing management to award the contract for the reasons set out in paragraph 10 of the report.