That the chief executive approves:
1. The award of the main works contract for the general needs housing at Masterman House garage site, Lomond Grove, SE5, to Geoffrey Osborne Ltd, in a sum of £5,432,704, for a contract period of 60 calendar weeks commencing on 26 January 2015 (excludes four weeks mobilisation period starting from 17 December 2014)
2. A provisional allowance for an anticipated design fee claim in the sum of £110,000 for the main works contract (sum excluded under paragraph 1, see paragraph 27), settlement of which will be subject to a further report
3. The additional works to be undertaken in the existing Masterman Tower for reasons given in paragraphs 28-32, in the estimated sum of £123,023 to be completed under a separate contract.