Examples of Start on Site in a sentence
Such details must be submitted no later than ten (10) Business Days after the Start on Site Date.
Where the Start on Site grant tranche has been drawn down too soon the RP may be charged interest for the period between the date when the tranche was received by the RP and two weeks after the correct closing date for start on site.
Where golden brick level has been reached, this would normally mean that the Start on Site works would have commenced.
Such details (which must be consistent with the Approved Bid) must be entered into the IMS system in good time prior to the Start on Site date.
It is not intended that the definition of Start on Site Works in the FDA or contract (and repeated above) excludes schemes where demolition works have begun or where infrastructure works (such as excavations to install drainage or highways infrastructure works including where such works are the subject of a s278 or s104 agreement) to support the scheme have commenced, subject to the conditions below.
The amount of grant payable at Start on Site will be set out on the relevant payments screen of IMS.
These annual profiles must be scheduled out to Firm Lines by 31 December in the year preceding the expected Start on Site year.
This will trigger either 100%, 75% or 50% of the grant, depending on whether or not a Start on Site payment was made.
Under such circumstances, Start on Site grant may be claimed provided the following conditions are satisfied:• The RP can demonstrate that it will be entitled to a secure legal interest in the property at the point at which Golden Brick is reached, for example, by entering into a legally binding agreement (such as an Agreement for Sale) with the vendor to complete the land acquisition/purchase with the achievement of Golden Brick providing the trigger for purchase completion.
Following a scheme reaching the Start on Site milestone, RPs are obliged by the FDA to submit details of the scheme to the GLA via IMS within 10 business days.