Decision details

To add a value via an officer executive decision of £124k to the budget envelope for Overton Road and Princess Victoria Street outlined in the cabinet paper on 24 January 2023 (agenda no 19). The reason for the variance is because of an increase in scope using higher quality materials on Overton Road, to provide maximum benefits of the scheme. While Princess Victoria Street has come below its envelope agreement by £34k, Overton Road has come over its envelope agreement by £158k, this means we need to add a value of 124k to the initial decision via an officer executive decision.

Approve the added value of £124k to the budget envelope for Overton Road and Princess Victoria Street

Option 1 - An alternative option could be de-scoping work to reduce cost, but this is rejected as pedestrian focused schemes are a fairly new concept to Bristol and to achieve maximum buy in from communities, we think it is crucial high quality schemes are delivered.