Southside D12

Variable Costs for Providing a Fully
Managed Service
Variable Cost Items
Unit Cost
(£)
Sum p.a.
(£)
Notes
Supervision of Major works
Included in Braemar Estates’ Management Fee
(please specify scale of Major works)
Supervision of Minor works
Included in Braemar Estates’ Management Fee
(please specify scale of minor works)
Mark-up or Fee on unsupervised third- party
services or invoices received.
None
Apartment / Building / Car Park Service
Cost recovered from Leaseholder
Charge notification & collection
Ground Rent notification & collection
Cost recovered from Leaseholder
On-going Staffing & Training costs
To be agreed with SMC
Accountancy & Auditing Fees
Third party cost and passed on to SMC at cost
Health & Safety £1,500 For full survey and set-up with our specialist
provider. This is recoverable through Service
Charge
Public Liability Insurance
TBC, the development insurance will include
Public Liability Insurance. There will be no
admin or mark fee paid to BE for arranging the
insurance
Handling of Insurance, Valuations, Claims
To be agreed with SMC. Valuations are
undertaken every three years by a chartered
firm of surveyors and passed on to SMC at
cost. See Insurance section.
General Admin Fees
Other costs (please specify)
Included in BE Management Fee
N/A