This page lists the meetings for Projects and Procurement Sub-Committee.
The terms of
reference of the Operational Property and Projects Sub Committee
were amended by the Court of Common Council on 20 July 2023 and the Projects and
Procurement Sub-Committee created. For records of Operational
Property and Projects Sub Committee meetings, follow the link
Browse meetings - Operational Property and Projects
Sub Committee - Modern Council (cityoflondon.gov.uk)
Projects and Procurement Sub-Committee
The Chairman and Deputy Chairman of the Finance Committee or their
The Chairman and a Deputy or Vice Chairman of the Policy and
Four Members appointed by the Policy and Resources Committee
Four Members appointed by the Finance Committee
Up to two Members to be co-opted by the Sub-Committee from the
Court of Common Council with relevant experience
To be responsible for:
Overseeing the total portfolio of projects overseen by the Chief
Executive’s Portfolio Management Board and receiving regular
high level dashboard reports on their progress, identifying notable
risks and proposed mitigations.
Making proposals to the Resource Allocation Sub-Committee/the
Policy and Resources Committee for projects to be included in the
capital/supplementary revenue programme.
Determining how political oversight of relevant Tier 1 and Tier 2
projects can best be achieved where several committees are
stakeholders on the proposed project and when projects in excess of £100 million require Policy &
Resources Committee oversight.
Reviewing the City Corporation’s project management
processes, development of project management skills and expertise
and the systematic embedding of commercial approaches that share
investment and risk.
To scrutinise and be responsible for value for money on all City of
London Corporation and City of London Police procurement contracts
above thresholds stipulated within the City of London
Corporation’s Procurement Code (total contract value) at key
stages, including initial tender strategy to final contract award
To consider and recommend all procurement contracts above
thresholds stipulated within the City of London Corporation’s
Procurement Code to the Finance Committee.
To invite representative(s) from the relevant Spend Committee to
attend meetings ensuring decisions are made corporately.
To provide officers with advice focussed specifically on value for
money, and consider lessons learned when major contracts are coming
to an end (i.e., before the (re)tender process begins).
To review and consider approvals of £4m waivers for the
Chamberlain’s department contracts.
To work with the Finance Committee to review and to monitor
performance against the Chamberlain’s Departmental Business
Plan and related corporate initiatives in order
to promote value for money and ensure compliance with the UK
Public Contract Regulations and the Corporation’s Procurement
Agenda item - Policy and Resources Committee -
Modern Council (cityoflondon.gov.uk)