Agenda item

To consider a resolution of the Projects Sub (Policy and Resources) Committee dated 25 June 2020.

Members considered a resolution of the Projects Sub-Committee regarding Performance Bonds and Parent Company Guarantees and the following points were made.

·         The Chairman welcomed the points raised within the resolution and noted that they were being reviewed by officers in City Procurement.

·         A Member noted that he was satisfied with the City’s position on Parent Company Guarantees but felt that Performance Bonds should be given further consideration given the impact of COVID-19 on the construction sector.

RESOLVED, that the resolution be noted.