Agenda item

Gateway 1/2/3/4/5 - Tower Bridge - Replacement of Defective Bridge Driving Machinery Hydraulic Components

Report of the Director of Open Spaces.

Minutes:

Members considered a Gateway 1/2/3/4/5 report of the Director of Open Spaces regarding Tower Bridge – Replacement of Defective Bridge Driving Machinery Hydraulic Components and the following points were made.

 

·         The Chairman noted that a full replacement solution would cost in the region of £14m-£20m excluding risk.

 

·         The Chamberlain noted that City Procurement was content that the recommended option was the only viable solution.

 

RESOLVED, that Members,

 

·         Approve Option 2 (Replacement of Defective Bridge Driving Machinery);

 

·         Note the total estimated cost of the project at £1,151,565 (excluding risk),

 

·         Approve a revised budget of £1,151,565 to get to the next gateway (excluding risk),

 

·         Approve  a Costed Risk Provision of £114,000 (to be drawn down via delegation to Chief Officer),

 

·         Approve the use of a sole supplier waiver, Bosch Rexroth Limited, as per the recommended option.

Supporting documents: