Risk Category

Proposed Risk Allocation

Council

Shared

PSP

Planning Risk

Outline

Detailed

Design Risk

Site Risk

Site availability - sites made available by the Council

Site condition

Commission and Construction Risks

Operation and Service Risks

Regulation/ by-laws/ licensing procedures/ applications and approvals including procedure change

Changes in law affecting operating costs - to be allocated according to where individual responsibilities for costs lie.

Changes in law involving capital expenditure during service period not reasonably foreseen at contract signature

Compliance with Sport England grant conditions (if applicable)

Latent Defects

New Build

Refurbishment

Functionality changes required by the Council

Health and Safety

Catering

Performance and availability

Staff absence /recruitment

Estimating errors

Theft

Energy requirements/conservation

Maintenance of facilities and pest control

Subsidence

Materials (including chemicals)

Service Failure

Damage due to force majeure or uninsured events

Demand Risk

Attendance Levels

Third Party use and Income

Refresh of facilities

Local and national disputes

Utilities costs (for service provider)

Climate Change Levy

Change in rate of VAT on the unitary charge borne by the Council

Change in rate of VAT on costs borne by the Contractor

Change in scope of VAT *

Change in eligibility for business rate relief*

* where Trust type structure is included in SPV

Asset Value Risk

Residual value

Equipment and Obsolescence Risks

Upgrades required by the Council

Financing Risks

Achieving income and profit levels identified in bid submission

Achievement of super - profit level

Inflation (capital cost outturn to tender)

Interest rate variability

Availability of capital allowances/ tax exemptions