Transcript Markets – Expression of Interest – Appendix 7

Markets – Expression of Interest –
Appendix 7
© Bishop’s Stortford Town Council
Markets – proposed parameters for response to
procurement exercise – first thoughts
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Respond if and only if
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Statement of improvement of the social, economic or environmental well being (which we
are required to make) to include:
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No staff transfers from EHDC are imposed
Net cost of zero or better can be achieved based on moderately pessimistic assumptions on levels
of trade and a good level of investment to improve
Staff, storage and other requirements can be resourced without compromising existing services
(will require recruitment or additional hours)
Termination and other imposed conditions are reasonable
Minimum committed term of 2 years, maximum committed term of 7 years
If insufficient information provided with tender document, then response is subject to due diligence
intention to expand the range and diversity of the market offering – proactively go out to source
the ‘missing’ stalls’
actively consideration of holding markets on additional days including a programme of specialty
markets.
link it to a programme of town centre events
exploit and leverage close relationships with the Rhodes, the Tourist Information Centre, the social
media following already built up by our Councillors and by the Tourist Information Centre to create
an integrated and active approach to the management of the marketing and the environment on
Market days (for example by introducing an element of incidental street entertainment, linking it to
activities organised through the Tourist information centre etc.).
ensuring that the market looks attractive through close management possible through local
presence
ploughing back money saved into market development to assist with the enhancements outlined
above
Recommend delegating response to CEO with the support of two councillors
© Bishop’s Stortford Town Council
Outline Financials Presented 13/7/2013
Expenditure
Capital Costs
Running Costs
Staffing
Logistics
Insurance
Other
Total Expenditure
Stalls
Signage
Electricity
Salary
Street Cleaning
Refuse Clearance
Misc & Third Party
Advertising
Subscriptions
NNDR
Other
Cost
Income
Amount
£1,7761
£1,0002
£570
£18,7503
£2,560
£11,950
£330
£2,570
£670
£9,390
£100
£49,666
Fees & Charges
Licence Fees
£66,450
£04
Total Income
£66,450
Net
£16,784
Final Business case will depend on tender conditions
Initial indications are that market will be profitable under BSTC management, significant
savings possible compared to EHDC operating model due to local presence
Notes
1: Based on the EHDC Purchase & Maintenance figure of £1,750, or just under 12 new stalls (at £148) a year (24 for every two years).
As Saturday showed 28 pitches used, but only 10 specific stalls, 24 stalls every 2 years is a reasonable estimate.
2: EHDC has a capital charge of £16,830 that is unexplained and not included.
3: Based on BSTC estimate.
4: EHDC takes a profit on Licence Fees (£11,800) that they would probably insist on retaining.
© Bishop’s Stortford Town Council