Examples of BCIS Index in a sentence
Specialist buildings valued at DRC following the MEA approach that have not been inspected have been re-valued by adjusting asset lives and updating building costs from the BCIS Index.
The usual measure of indexation for payments will be the Retail Price Index (RPI) except in the case where a specific building or facility is required to be delivered, whereby any value associated with such a building is to be indexed according to the Building Cost Information Survey (BCIS) Index.
All sums of money payable in accordance with this Deed to the Council other than those referred to in clause 8.1.1 shall be adjusted by being BCIS Index Linked or CPI Index Linked as set out in this Deed.
If the reference base used to compile the BCIS Index changes after the date of this Agreement the figure taken to be shown in the BCIS Index after the change shall be the figure which would have been shown in the BCIS Index if the reference base current at the date of this Agreement had been retained.
The comparison of Alpha’s costs with the BCIS Index concluded that: • The average costs per m2 of gross internal floor area submitted for Primary, Secondary and SEN schools generally fall within expectedcost parameters and would appear, in relation to the comparisons undertaken, to be competitive in their origin; • The comparison of cost with the BCIS average costs highlights that all are towards the higher centile suggested by BCIS.
In this case the payment would be £1,865,606 (BCIS Index Linked) which is the value for the community centre which is already specified in the section 106 agreement.
The Waste Transfer Service Contribution shall each be index linked by reference to the BCIS Index figure of the third quarter of 2022 to the figure applicable to the quarter in which the relevant contribution is paid: The County Council Monitoring Fee shall be index linked by reference to the RPI Index Figure of July 2021 to the finalised figure applicable to the month in which the County Council Monitoring Fee is paid.
The BCIS Index Figure (%) is an annually updated measure of inflation published by the Building Cost Information Service (BCIS) of the Royal Institute of Chartered Surveyors (RICS).
Each Party further agrees to comply with the requirements of the Anti-Money Laundering and Combating the Financing of Terrorism Self-Control and Management System - AML/CFT SCMS policy defined by Cementos Argos S.A., an affiliate of TACC, which requires the delivery of applicable supporting documents and annual updates of its information.
Details of the reasoning behind our opinion are presented in Appendix 7.3. NI Water considers the resultant RPA factor calculated from the BCIS Index to be unsound.