Purpose

To add a value via an officer executive
decision of £124k to the budget envelope for Overton Road and
Princess Victoria Street outlined in the cabinet paper on 24
January 2023 (agenda no 19). The reason for the variance is because
of an increase in scope using higher quality materials on Overton
Road, to provide maximum benefits of the scheme. While Princess
Victoria Street has come below its envelope agreement by
£34k, Overton Road has come over its envelope agreement by
£158k, this means we need to add a value of 124k to the
initial decision via an officer executive decision.

Content

Approve the added value of £124k to the
budget envelope for Overton Road and Princess Victoria Street

Alternative options considered

Option 1 - An alternative option could be
de-scoping work to reduce cost, but this is rejected as pedestrian
focused schemes are a fairly new concept to Bristol and to achieve
maximum buy in from communities, we think it is crucial high
quality schemes are delivered.