Decision details

To seek approval of an increase to the strategic framework contract value.

That Cabinet:

1.      Noted the successful implementation of the strategic finance partnership arrangements.

2.      Authorised the Head of Financial Management / Deputy s151 Officer in consultation with the Director of Finance and Cabinet Member City Economy, Finance and Performance to vary and award the contract amendment necessary for the implementation of the ongoing existing strategic finance partnership, in-line with the procurement routes and maximum budget envelopes outlined in this report.

3.      Approved the procurement of a new 3 +1 +1 year contract for a financial strategic partnership, using an appropriate route to market as advised by Strategic Procurement, at a cost not exceeding £1 million p.a., total maximum cost of £5 million over 5 years.

4.      Authorised the Head of Financial Management / Deputy s151 Officer in consultation with the Cabinet Member City Economy, Finance and Performance to take all steps required to procure and award the contract and to enact extensions as required, within the maximum budget envelope outlined in this report.

5.      Authorised the Head of Procurement & Contract Management to approve appropriate procurement routes to market where these are not yet fully defined, or if changes to procurement routes are subsequently required.