That the Strategic Director of Finance:
1. Formalises his prior approval to the variation of the internal agreement carried out by its own direct labour organisation in the north of the borough, Southwark Repairs (previously known as Southwark Building Services) in accordance with the tender documentation to extend the term for a period of eight months from 1 January 2024 to 31 August 2024 at an estimated additional cost of £1.864m, making a total revised estimated value of £9.322m.
2. Formalises his prior approval to the variation of Contract B (south of the borough) Communal Repairs Chargeable Contract to BuildTrust Ltd to extend the term of the contract for a period of eight months from 1 January 2024 to 31 August 2024 at an estimated additional cost of £4.56m, making a total revised estimated value of £17.730m.
3. Notes that 50% of the work that would otherwise be given under the internal agreement with Southwark Repairs is to be carried out by BuildTrust Ltd in accordance with Contract B’s back up arrangement, for a period of eight months from 1 January 2024 to 31 August 2024 at an estimated additional cost of £752k, making a total revised estimated value of £2.848m.