Agenda item

Report of the Chamberlain.

The Committee considered a report of the Chamberlain which advised Members of the Efficiency and Savings target set for City Procurement for the financial year 2016/17 of £7.9 million. The Chamberlain explained that this target was lower in absolute terms than the target in the previous year due to the value and number of contracts due to be let in the year being lower than in the previous year. He explained that the percentage target had increased from 11.4% in 2015/16 to 12.2% in 2016/17.

RESOLVED – That the Committee notes the Procurement Efficiency and Savings target of £7.9million for the financial year 2016/17.