| Department |
Organisation Name |
Project name |
Basis for expenditure approval |
Value (£M) |
Total Value requested |
Total Value approved |
Basis for Exception |
Approval month |
Date of update |
Explanatory note |
| DEFRA |
DEFRA |
Thames Tunnel, Commercial and financing Consultancy increase in finance. |
In house skills not available to deliver this activity |
|
£400,000.00 |
£400,000.00 |
|
|
28/02/2013 |
Increase in finance to the Thames Tunnel Commercial and financing Consultancy. |
| DEFRA |
DEFRA |
Thames Tunnel, legal Consultancy 2 month extension to 31/05/13. |
In house skills not available to deliver this activity |
|
£200,000.00 |
£200,000.00 |
|
|
28/03/2013 |
The consultancy involves areas of legal expertise that Defras in-house legal team do not have; including corporate finance and capital markets. Furthermore, the in-house legal team does not have the required experience in negotiating and drafting contracts of this size and nature, or the capacity to dedicate a sufficient level of resource to this project. |
| DEFRA |
DEFRA |
Thames Tunnel, Commercial and financing Consultancy 2 month extension to 31/05/13. |
In house skills not available to deliver this activity |
|
£200,000.00 |
£200,000.00 |
|
|
28/03/2013 |
The consultancy is required because Defras in-house commercial team do not have the necessary detailed level of knowledge and expertise of financing major infrastructure projects of this scale and complexity. While Infrastructure UK (IUK) advises Defra too, they have neither the capacity nor the breadth of expertise that external advisers can bring to bear. |
