22-173 Forge Island Redevelopment

Description

Rotherham Metropolitan Borough Council (Council) has entered into further agreements with its development partner, Muse Developments Limited (Developer) in respect of the regeneration of Forge Island, Rotherham through the development of a new anchor leisure development. This project forms a key part of the Council's town centre regeneration masterplan. Lot 1: The Council has entered into further contractual arrangements with its Developer to take the Forge Island development opportunity forward and realise the Council's aspirations for the site, within the context of challenging market and financing conditions. Additional information: For transparency, the total value of this procurement stated at II.1.7 (£46,805,627) is made up of 2 contract sums as follows. £2,910,847 is the cost of the enabling contract, with £43,894,780 making up the remaining costs from the total value and form the Main Contract. The total construction cost is £33,949,000. The total development cost of £46,805,627 includes pre-construction costs, design marketing, professional fees, letting costs, tenant incentives and development management fees.