Issue - decisions

Gateway 3 - Variation Decision - Peckham Rye Station Square Phase 1 - Approval of final account and settlement Agreement with Circet Ltd for Phase 1 contract

01/06/2023 - Gateway 3 - Variation Decision - Peckham Rye Station Square Phase 1 - Approval of final account and settlement Agreement with Circet Ltd for Phase 1 contract

That the Director of Planning and Growth;

 

1.  Approves the variation of the contract with Circet Ltd (formerly KN Networks Services Ltd) in the sum of £961,800 to reflect contract variations and the Settlement Agreement negotiated with Circet Ltd in order to complete the Works of Phase 1 Peckham Rye Station Square, as detailed in paragraphs 7 to 15 and paragraph 30 of this report, making a total contract value of £6,811,118.

 

2.  Notes any delay in signing this  Gateway will put the new Practical completion of the 14 August 2023, as  stated in the Settlement Agreement, at risk and expose the Council to  further claims for extensions of time by Circet Ltd.  The Settlement  Agreement must be sealed no later than Thursday 1 June 2023.