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City Leap Energy Partnership - Procurement Project Update - NEW ITEM
Meeting: 01/12/2020 - Cabinet (Item 13.)
13. City Leap Energy Partnership - procurement update and contract extension notification 
PDF 191 KB
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.