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In order to undertake works in the existing
public highway, it is necessary for a developer (Guildford Borough
Council in this case) to enter into an agreement with the Highway
Authority (Surrey County Council), to be given the permission to do
works.
This agreement will define the works to be done, which have been
technically approved by SCC, the cost of the works and any other
costs payable to SCC. These costs are outlined below.
Costs payable to SCC:
• 12% fee = £123,137.40
• Commuted sum = £56,385
• Legal expenses = £2,000
• Traffic Regulation Order = £10,000
• Road Safety Audit = £2,000
Total payable to SCC = £193,522
SCC require that a cash bond or surety is provided as part of the
agreement which would cover the full cost of the works, with 10%
being released on the completion of the works and with this final
retention to be released on completion of the statutory maintenance
period (1 year).
GBC will be entering this agreement with their surety provider whom
they have already indemnified. The premium will be 0.9% on the cost
of works, for a minimum of two years and will be £18,471 for
this agreement.