Purpose

On 6 October 2023 Cabinet considered a report
titled ‘Levelling Up Fund and Capital Regeneration Projects -
Progressing the Projects to Planning Permission’. As part of
that report, Cabinet delegated authority to the Corporate Director
Place and Economy in consultation with the Portfolio Holder for
Economic Growth, Regeneration and Tourism to procure appropriate
resources and commission a project team to carry out the associated
work including for the design briefs.

Content

To purchase insurance for the Rights of Light
Indemnity Insurance for (CAT) Carnarvon Terrace site which is being
delivered as part of the wider Clacton Civic Quarter Levelling Up
Fund scheme.
The insurance policy has been procured via the Quotation Rules as
set out in Tendring District Council’s constitution, and have
a total cost of premiums is £15,000 (Carnarvon Terrace) plus
VAT.
The supplier is:
WTW
On behalf of Willis Limited, 51 Lime Street, London, EC3M 7DQ
(registered number 181116)

Alternative options considered

Not appointing an insurance provider. Taking
this approach could risk injunction and/or project delays. There
would be an added risk of compensation payments of up to
£185,000+VAT + legal costs [as an estimate].