Issue details

The Bristol Beacon Transformation project has faced significant challenges due to unforeseen issues with the building structure and Covid-19. To secure completion of the project, Cabinet approved an increase in budget from £52.9m to £106.9m in March 2021. The project requires a Deed of Variation to amend the construction contract and reflect the increased budget and transfer of design responsibilities and risk that has been negotiated with the contracting partner.
The Councils Strategic Partner has conducted due diligence and submitted a report recommending that the Deed of Variation meets the objectives set out in the decision at Cabinet. The Bristol Music Trust have also been consulted and are content for the document to be sealed. There is agreement between Bristol Music Trust and the Council that the Collaboration Agreement will need to be revised in due course to align with the Deed of Variation.