New Panelling 18th Century House
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People may say, “it only cost us £150,000-ish”, but then when pressed, you find they left off the VAT, the VAT on fees, their own time and expenses, and what they bought themselves.
Here’s a sample budget including the architect’s fees for completing the whole contract:- the easy to overlook items are in green
| ORGINAL BUILDING CONTRACT WITH SKIP AND BARROW CONTRACTORS |
£130,000 |
Client extras incurred during the contract, such as
bathrooms rearranged at the last minute, due to a change of heart over the layout! |
£20,000 |
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£150,000 |
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| VAT on Skip & Barrow’s work |
£ 26,250 |
Architect’s fees at 15% on £150,000 |
£ 22,500 |
| Measured survey fee |
£950 |
| VAT on fees |
£1,830 |
| Expenses |
£500 |
Planning and Building Regulation fees |
£1,000 |
| Structural Engineer's fees for drawings/calculations for Building Regulation approval and the contractor |
£1,200 |
| Fees for two party wall awards - to C&JMC acting for you and the neighbour's surveyor |
£800 |
| VAT on these |
£546 |
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| Extra for Phillippe Starck bath you couldn't resist after a good lunch! |
£1,500 |
| Extra for Miele ovens brought following row with wife! |
£1,200 |
| Petrol for 250 mile round trip to collect free washing machine from aunt! |
£60 |
| Miscellaneous (Quantity Surveyor) |
£1860 |
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| THE BOTTOM LINE |
£210,000 |
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AND FOR THAT FEE, C&JMC:
- Advised how the asset value of your property could be maximised by the building project
- Advised how we would design the building to suit your individual needs
- Provided information to the Quantity Surveyor to give you a cost estimate
- Produced drawings and information for the scheme you wanted
- Got planning permission
- Got Building Regulation approval
- Provided drawings and schedules for contractors to tender for the job
- Provided the Structural Engineer with information for his calculations
- Vetted the tenders or negotiated with your chosen builder
- Drew up and supervised the contract, issuing certificates so you only pay for approved work
- Determined the final account, including the contractor’s claim for “extras”
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Listed Country
House and Conservatory
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