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Decision details
City Leap Energy Partnership - procurement update and contract extension notification
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To update cabinet on the outcome of Selection
Questionnaire stage of the procurement process and further to seek
approval for extensions to legal services and financial services
contracts.
Decision:
Cabinet:
1. Noted the shortlisted bidders, selected to progress to the next procurement stage for a Strategic Partner.
2. Authorised the Executive Director for Growth and Regeneration in consultation with Cabinet Member for Finance, Governance and Performance, to extend the City Leap Procurement legal services contract for the duration of the City Leap procurement and the periods during which the vehicle to deliver City Leap is established and selected energy assets are transferred from the council to the vehicle, at an estimated value of circa £140k spend to date plus up to circa £491k of potential additional spend.
3. Authorised the Executive Director for Growth and Regeneration in consultation with Cabinet Member for Finance, Governance and Performance, to extend the City Leap Procurement financial services contract duration of the City Leap procurement and the periods during which the vehicle to deliver City Leap is established and selected energy assets are transferred from the council to the vehicle, at an estimated value of circa £282k spend to date plus additional anticipated spend £380k.
Report author: David White
Publication date: 01/12/2020
Date of decision: 01/12/2020
Decided at meeting: 01/12/2020 - Cabinet
Effective from: 11/12/2020
Accompanying Documents:
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