Building Safety Fund

(asked on 7th June 2021) - View Source

Question to the Department for Levelling Up, Housing & Communities:

To ask the Secretary of State for Housing, Communities and Local Government, what the average fee level for managing agents is for grants under the Building Safety Fund.


Answered by
Christopher Pincher Portrait
Christopher Pincher
This question was answered on 10th June 2021

The Building Safety Fund will cover all reasonable costs for eligible works that are necessary to remediate unsafe non-ACM cladding systems on high-rise residential buildings, including a range of direct project costs such as professional team fees and managing agents' fees in respect of administering qualifying expenditure. Reasonable costs must be informed by an industry standard approach to specification and procurement of works, having regard to cost benchmarks established from comparable projects. Higher than expected costs will be challenged and will be subject to further scrutiny, and the level of grant may be reduced. The Department has not analysed managing agent fees across the Building Safety Fund given the cost benchmarking safeguards that are in place for each individual project.

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