Decision details

That Cabinet:

1. Noted the successful conclusion of the ITT stage of the City Leap Energy Partnership Procurement with the receipt of two bids which are in the process of being evaluated.
2. Authorised the drawdown of additional expenditure of up to £880k to fund the Procurement, which will include the project team and extension of the external legal and financial advisors’ contracts (referred to in recommendations 3 and 4 set out below), through to appointment of the Preferred Bidder and obtaining Cabinet authority to enter into the City Leap contracts with the Preferred Bidder. This sum will to be funded from the Climate & Ecological Emergency Reserve, as well as any in-year underspends within the Growth & Regeneration Directorate.
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 legal services contract, to appointment of the Preferred Bidder and obtaining Cabinet authority to enter into the City Leap contracts with the Preferred Bidder, to an estimated value of circa £1,356k in total.
4. 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, to appointment of the Preferred Bidder and obtaining Cabinet authority to enter into the City Leap contracts with the Preferred Bidder, to an estimated value of circa £1,112k in total.