Issue details

Lower Marsh Redevelopment – Uplift in Project Costs

The report seeks approval of an increase to the overall project budget from £6.2m to 7.5m. The increase is attributed to a surge in construction cost inflation from 2020-21, which has disproportionately affected the UK construction industry.

Decision type: Key

Reason Key: 2. Financial;

Decision status: For Determination

Wards affected: Bishop's;

Notice of proposed decision first published: 11/10/2021

Decision due: Not before 9 Nov 2021 by Deputy Leader of the Council (Planning, Investment and New Homes)

Lead member: Deputy Leader of the Council (Planning, Investment and New Homes)

Lead director: Strategic Director: Resident Services

Department: Resident Services

Contact: Greg Wade, Capital Programme Manager, Strategic Programme Email: gwade@lambeth.gov.uk.