Report of the City Surveyor
The Sub Committee considered a report of the City Surveyor regarding a project to upgrade the Building Energy Management System (BEMS). The Chairman introduced the item and advised that funding had been agreed for the project, with drawdown approval through Resource Allocation Sub Committee. In response to a question from a Member, the City Surveyor advised the Sub Committee of the project’s dependencies in relation to other Climate Action Strategy-related projects, and that these dependencies would be managed in order to mitigate related risks.
RESOLVED – That the Projects Sub Committee:
1. Agree that a budget of £16,867 is approved to reach the next Gateway; consisting of £7,442 from City Fund reserves & £9,425 from City Cash reserves;
2. Note the total estimated cost of the project (excluding risk); £823,920;
3. Note the total estimated cost of the project at (including risk); £904,770; and
4. That a Costed Risk Provision of £7,250 is approved (to be drawn down via delegation to Chief Officer in consultation with Chamberlains) to be funded by £4,625 from City Fund reserves and £2,625 City’s Cash reserves.