Purpose

Approve the 2 year extension of
the duration of the Maintenance Term Contract – Fabric from
17th May 2024 to the 16th May 2026

Content

1.   
Approved the implementation of the
built in option to extend the duration of the Maintenance Term
Contract – Fabric to Topcoat Construction Limited (company
number 03075151) by two years from 17th May 2024 to the
16th May 2026. The original contract for the provision
of building fabric maintenance
services gave the option of an extension of further period
or periods of not less than 12 months on each occasion and up to 3
additional years in total.

 

2.   
Approved an increase of the total
value of the contract to reflect the expected spend to
16th May 2026 at the same annual spend previously
approved of £2.5M per annum.

Works
contract

Contractor

Current
Contract Value

Proposed
Extension Value

Building Fabric

Topcoat Ltd

£2,500,000

£5,000,000