Decision details

Proposal to increase the contract document sealing requirements currently set at a minimum of £100,000 per contract to a minimum of £250,000 per contract.

Reasons for the Decision(s):

To improve the efficiency of existing processes.

Alternative Options Considered and Rejected: (including any Risk Implications)

By remaining at the current levels of £100,000 for document sealing the Council are not making the best use of our Legal and Procurement resources.  The increase to £250,000 addresses this issue without significantly increasing the level of risk to the Council.

The risk being that a latent problem, with a contract, emerges outside the limitation period and the Council is barred from legal action in that matter. This would only be for those contracts in the range £100k - £250k (and excludes most property transactions). It is considered that the benefit of the change is proportionate to the risk.