3. Board Report Refurbishment/Replacement of Theatres 1-4 ...

material and this will provide the Trust with theatres which will meet the currentstandards; Annual capital charges associated with Option 8 are £726,321. This is lessthan the capital charges associated with Options 3 and 9 and is not materiallyhigher than those for Option 7; Recurring revenue costs associated with Option 8 are lower than thoseindicated for Option 7 and Option 9 and are not materially different to those forOption 3; Net Present Value of Option 8 is £64,515k (risk adjusted NPV £65,951k), giventhat Option 8 achieved the highest non-financial benefit score this offers thebest benefit for investment required.5. PROCUREMENTIn line with Health Estates recommendations on best value for money inprocurement the Trust has entered into Performance Related Partnering (PRP)frameworks with a design team and a contractor for the design and construction ofacute hospital facilities. The appointed Design Team and Contractor areundertaking two projects –1. Construction of a new trauma and orthopaedics facility at Craigavon AreaHospital. This project was handed over ahead of programme for Trustcommissioning in March 2010;2. Extension and refurbishment of maternity and neonatal facilities atCraigavon Area Hospital – works commenced in July 2009 andconstruction is scheduled for completion in May 2010.The Trust is satisfied with the performance of both the design team and thecontractor and proposes to re-appoint both for this project.Board Report, Outline Business Case for the Replacement of Theatres 1 – 4, CAH 10