Common use of Authority of Grant Recipient's Representative Clause in Contracts

Authority of Grant Recipient's Representative. The Grant Recipient's Representative is empowered to act on behalf of the Grant Recipient for all purposes connected with this Agreement. SCHEDULE 4 DEVELOPMENT COSTS HEADS OF EXPENDITURE AND SCHEME METHODOLOGY Financial viability of schemes is assessed based on the total scheme costs associated with the land purchase, planning, build and fit out of a scheme to ensure successful delivery and ‘fit for purpose’ dwellings. These costs would include the following:  Land acquisition price  Gross build contract sum  Surveys required to be submitted with planning application  Pre planning fees  Planning fees  Planning architect fees  Employer’s agent fees relating to building contract management only  CDM Co-ordinator fees  Clerk of Works fees  Legal fees associated with land purchase, Unilateral Undertaking (including Council fees covered by The Grant Recipient) negotiation & agreement, build contract and disbursements.  Valuation fees (land purchase plus unit valuations confirming OMV and market rent of individual units as required by the GLA)  Party Wall fees (including adjoining owners fees)  Grant financial advisor  Costs associated with fit out and furnishings to required standard  VAT – while the majority of the works will be zero rated, the cost associated with certain items such as white goods and furnishings are standard rated. VAT is also chargeable at standard rate on professional fees (EA, CDMC, Valuer, legals etc)  Development Allowance in relation to building contract (i.e. developers profit)  Capitalised interest  Contingency (3% of works price) in relation to building contract Any other surveys/advice/services that may be required to ensure successful delivery and specific to the scheme.

Authority of Grant Recipient's Representative. The Grant Recipient's Representative is empowered to act on behalf of the Grant Recipient for all purposes connected with this Agreement. SCHEDULE 4 DEVELOPMENT COSTS HEADS OF EXPENDITURE AND SCHEME METHODOLOGY Financial viability of schemes is assessed based on the total scheme costs associated with the land purchase, planning, build and fit out of a scheme to ensure successful delivery and ‘fit for purpose’ dwellings. These costs would include the following:  • Land acquisition price  • Gross build contract sum  • Surveys required to be submitted with planning application  • Pre planning fees  Planning fees  • Planning architect fees  • Planning fees • Planning S106 obligations and CIL • Employer’s agent fees relating to building contract management only  • CDM Co-ordinator fees  • Clerk of Works fees  • Legal fees associated with land purchase, Unilateral Undertaking Undertaken (including Council fees covered by The Grant Recipient) negotiation & agreement, build contract and disbursements.  • Valuation fees (land purchase plus unit valuations confirming OMV and market rent of individual units as required by the GLA)  • Party Wall fees (including adjoining owners fees)  • Grant financial advisor  • Costs associated with fit out and furnishings to required standard  • VAT – while the majority of the works will be zero rated, the cost associated with certain items such as white goods and furnishings are standard rated. VAT is also chargeable at standard rate on professional fees (EA, CDMC, Valuer, legals etc)  • Development Allowance in relation to building contract (i.e. developers profit)  • Capitalised interest  • Contingency (3% of works price) in relation to building contract • Any other surveys/advice/advice/ services that may be required to ensure successful delivery and specific to the schemescheme • The Grant Recipient’s reasonable Affordable Housing Project overhead and administration costs • Any other costs associated with the Affordable Housing Project agreed as eligible development costs by the Council.

Authority of Grant Recipient's Representative. The Grant Recipient's Representative is empowered to act on behalf of the Grant Recipient for all purposes connected with this Agreement. SCHEDULE 4 DEVELOPMENT COSTS HEADS OF EXPENDITURE AND SCHEME METHODOLOGY Financial viability of schemes is assessed based on the total scheme costs associated with the land purchase, planning, build and fit out of a scheme to ensure successful delivery and ‘fit for purpose’ dwellings. These costs would include the following:  Land acquisition price  Gross build contract sum  Surveys required to be submitted with planning application  Pre planning fees  Planning architect fees  Planning architect fees  Planning S106 obligations and CIL  Employer’s agent fees relating to building contract management only  CDM Co-ordinator fees  Clerk of Works fees  Legal fees associated with land purchase, Unilateral Undertaking Undertaken (including Council fees covered by The Grant Recipient) negotiation & agreement, build contract and disbursements.  Valuation fees (land purchase plus unit valuations confirming OMV and market rent of individual units as required by the GLA)  Party Wall fees (including adjoining owners fees)  Grant financial advisor  Costs associated with fit out and furnishings to required standard  VAT – while the majority of the works will be zero rated, the cost associated with certain items such as white goods and furnishings are standard rated. VAT is also chargeable at standard rate on professional fees (EA, CDMC, Valuer, legals etc)  Development Allowance in relation to building contract (i.e. developers profit)  Capitalised interest  Contingency (3% of works price) in relation to building contract  Any other surveys/advice/advice/ services that may be required to ensure successful delivery and specific to the schemescheme  The Grant Recipient’s reasonable Affordable Housing Project overhead and administration costs  Any other costs associated with the Affordable Housing Project agreed as eligible development costs by the Council.

Authority of Grant Recipient's Representative. The Grant Recipient's Representative is empowered to act on behalf of the Grant Recipient for all purposes connected with this Agreement. SCHEDULE 4 DEVELOPMENT COSTS HEADS OF EXPENDITURE AND SCHEME METHODOLOGY Financial viability of schemes is assessed based on the total scheme costs associated with the land purchase, planning, build and fit out of a scheme to ensure successful delivery and ‘fit for purpose’ dwellings. These costs would include the following:  • Land acquisition price  • Gross build contract sum  • Surveys required to be submitted with planning application  • Pre planning fees  • Planning fees  • Planning architect fees  • Employer’s agent fees relating to building contract management only  • CDM Co-ordinator fees  • Clerk of Works fees  • Legal fees associated with land purchase, Unilateral Undertaking (including Council fees covered by The Grant Recipient) negotiation & agreement, build contract and disbursements.  • Valuation fees (land purchase plus unit valuations confirming OMV and market rent of individual units as required by the GLA)  • Party Wall fees (including adjoining owners fees)  • Grant financial advisor  • Costs associated with fit out and furnishings to required standard  • VAT – while the majority of the works will be zero rated, the cost associated with certain items such as white goods and furnishings are standard rated. VAT is also chargeable at standard rate on professional fees (EA, CDMC, Valuer, legals etc)  • Development Allowance in relation to building contract (i.e. developers profit)  • Capitalised interest  • Contingency (3% of works price) in relation to building contract Any other surveys/advice/services that may be required to ensure successful delivery and specific to the scheme.