© Bishop’s Stortford Town © Bishop’s Stortford Town Council Council

Markets – Expression of Interest – Markets – Expression of Interest – Appendix 7Appendix 7

Markets – proposed parameters for response to Markets – proposed parameters for response to procurement exercise – first thoughtsprocurement exercise – first thoughts

Respond if and only ifRespond if and only if No staff transfers from EHDC are imposedNo staff transfers from EHDC are imposed Net cost of zero or better can be achieved based on moderately pessimistic assumptions 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 improveon levels of trade and a good level of investment to improve Staff, storage and other requirements can be resourced without compromising existing Staff, storage and other requirements can be resourced without compromising existing

services (will require recruitment or additional hours)services (will require recruitment or additional hours) Termination and other imposed conditions are reasonableTermination and other imposed conditions are reasonable Minimum committed term of 2 years, maximum committed term of 7 yearsMinimum committed term of 2 years, maximum committed term of 7 years If insufficient information provided with tender document, then response is subject to due If insufficient information provided with tender document, then response is subject to due

diligencediligence Statement of improvement of the social, economic or environmental well being Statement of improvement of the social, economic or environmental well being

(which we are required to make) to include:(which we are required to make) to include: intention to expand the range and diversity of the market offering – proactively go out to intention to expand the range and diversity of the market offering – proactively go out to

source the ‘missing’ stalls’source the ‘missing’ stalls’ actively consideration of holding markets on additional days including a programme of actively consideration of holding markets on additional days including a programme of

specialty markets. specialty markets.  link it to a programme of town centre events link it to a programme of town centre events exploit and leverage close relationships with the Rhodes, the Tourist Information Centre, 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 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 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 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 incidental street entertainment, linking it to activities organised through the Tourist information centre etc.). information centre etc.). 

ensuring that the market looks attractive through close management possible through ensuring that the market looks attractive through close management possible through local presencelocal presence

ploughing back money saved into market development to assist with the enhancements ploughing back money saved into market development to assist with the enhancements outlined aboveoutlined above

Recommend delegating response to CEO with the support of two councillorsRecommend delegating response to CEO with the support of two councillors© Bishop’s Stortford Town © Bishop’s Stortford Town Council Council

Outline Financials Presented Outline Financials Presented 13/7/201313/7/2013

Expenditure Cost Income AmountCapital Costs Stalls £1,7761 Fees & Charges £66,450

Signage £1,0002 Licence Fees £04

Running Costs Electricity £570

Staffing Salary£18,750

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Logistics Street Cleaning £2,560Refuse Clearance £11,950

Insurance Misc & Third Party £330Other Advertising £2,570

Subscriptions £670NNDR £9,390Other £100

Total Expenditure£49,66

6 Total Income £66,450 Net£16,78

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© Bishop’s Stortford Town © Bishop’s Stortford Town Council Council

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

Notes1: 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.