Irrecoverable VAT on the above. Note 1 Where the development contract is a design and build contract, the on-costs are deemed to include the builder’s design fee element of the contract sum. The amount included by the builder for design fees should be deducted from the works cost element referred to above, as should other non-works costs that may be submitted by the builder such as fees for building and planning permission, building warranty, defects liability insurance, contract performance bond and energy rating of dwellings. Note 2
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Samples: Retention of Right to Buy Receipts Agreement, Local Government Agreement, Local Government Agreement