The report is certainly obscure. The way is reads to me not £214,000 but twice £214,000 is required, partly because a performance bond is due but the performance hasn't fully come to fruition so to speak. Added to this the report only seeks approval from a Cabinet Member (Rachel Heywood?). I would feel better about it if there was going to be a public discussion of why this has happened. Obviously this is not on the scale of the £10 million overspend on Brixton Rec which resulted in is standing empty and uncompleted for several years before being bailed out by Ken Livingstone when the GLC was wound up. But it is a warning that public works projects are notoriously prone to financial miscalculations/hitches/contractor problems.