Agenda item

Members received a joint report of the Town Clerk and City Surveyor relative to a Deep Dive of CR33 Major Capital Projects.

A Member raised a concern about the use of optimism bias for City of London Corporation projects, as referred to in paragraph 18. It was confirmed by the Chamberlain and the Chairman of the Finance Committee that only major projects use optimism bias, and that control over optimism bias was held at Committee level.

RESOLVED, that – the report be received and its contents noted.