A report by the Director of Finance sought the authority of the Cabinet to amend the agreement reached with PriceWaterhouseCoopers (PwC), who were undertaking a review of major contracts to support the delivery of savings.

RESOLVED:

That Cabinet agrees to amend the terms of the agreement reached with PwC so that they are rewarded for their work on the basis of a fixed fee element of £50,000 (by way of credits to be written off) and a 15% contingent fee (also by way of credits to be written off) based on the savings they identify, and subject to the Director of Law, HR and Asset Management being satisfied with the detailed contractual terms.