Item 15 Appendix 2
West Dunbartonshire Council · 30 October 2024
Back to West Dunbartonshire Council — 30 October 2024 and its agenda
Text extracted from the council's PDF. Layout and reading order may differ from the original.
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Projects that are Off Track as at Period 5 - 31 August 2024 Appendix 2 Service Project Approved Project Life Cost Revised Project Life Cost Project Life Variance Initial Completion Date Revised Completion Date £'000 £'000 £'000 CCF2 Heritage Capital Fund 2,491 2,491 - 30/03/2024 31/03/2026 R&N17 Posties Park 6,021 6,252 231 31/03/2022 29/11/2025 Project Name: Heritage Fund - CCF 2 Project Manager: Michelle Lynn Initial Completion End Date: 30/09/2024 Revised End Date: 31/03/2026 How was this project initially funded: Please Detail any additional funding Prudential Borrowing n/a Why is the project classified as off track and what has caused the issues identified? This project was delayed due to installation od new district heating system and water ingress. Physical completion of project by March 2025 with financial completion due to retentions by March 2026. What action will be taken to rectify the position? n/a New Completion Date: 31/03/2026 What are the implications on the actions proposed? Revenue Implications n/a Virement Implications n/a Source of Funding
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Projects that are Off Track as at Period 5 - 31 August 2024 Appendix 2 Project Name: Posties Park R&N17 Project Manager: Gail McFarlane Initial Completion End Date: 31/03/2022 Revised End Date: 29/11/2025 How was this project initially funded: Please Detail any additional funding Council Capital Funding/ Prudential Borrowing n/a Why is the project classified as off track and what has caused the issues identified? What action will be taken to rectify the position? Prudential Borrowing New Completion Date: 29/11/2025 What are the implications on the actions proposed? Revenue Implications £161,561 over 25 years - £6,462 per annum Virement Implications n/a Source of Funding Significant challenges including COVID and construction issues. Project has now reached practical completion. Remedial actions are underway to allow Building Standards to sign off Completion Certificate. We will explore the possibility of recovering the additional costs and if that is successful then there will be no need for the additional prudential borrowing. Practical completion will be November 2024 with financial completion due to retentions by November 2025.