Purpose

Options presented for Libraries contract as it
nears its 10 year end point.

Content

That
 

1. 
It be agreed that officers seek mutual agreement
with Greenwich Leisure Limited (GLL) to extend the existing
libraries service contract for five years until 31st October 2032.
Based on like-for-like conditions, the guideline five-year Contract
Price is estimated at £27.26m. This figure is subject to
change based on contract extension negotiations and market
forces/inflation.

 

2. 
Authority be delegated to the Portfolio Holder for
Renewal, Recreation and Housing to agree the final contract terms
following officer negotiation.