Delegated Officer Decision: Virement to Macclesfield Indoor Market Refurbishment Project
Decision Maker: Interim Director of Finance and Customer Services (s151 Officer)
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
The latest cost estimates for the Macclesfield Indoor Market refurbishment project have significantly exceed those originally obtained. The project has been value engineered but despite this, the estimated costs of the project still exceed the current budget.
A solution to the increase in project cost estimates has been identified without additional cost to the Council. This would involve reducing the scope of the Macc on Foot public realm project, which was designed to be scalable, and viring £243,000 of funds from that project to cover the shortfall in the Macclesfield Indoor Market Refurbishment project.
Decision:
To approve the virement of £243,000 from the UKSPF funded ‘Macc on Foot’ capital project (CAP10477) to the UKSPF funded Macclesfield Indoor Market Refurbishment Project (CAP-10478) and increase/decrease in the Supplementary Capital Estimates for both projects within the Capital Programme.
Publication date: 10/10/2024
Date of decision: 09/10/2024
Accompanying Documents:
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