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Regulation 7 Prescribed Fee

Original text. Later amendments are not shown.

The prescribed fee mentioned in regulation 4(1), (3), (4) and (5) and in regulation 6(3) in each case shall not exceed the sum of–

(a)

the costs of the approved body of and in connection with the work done or to be done by it or on its behalf under these Regulations; and

(b)

an amount on account of profit which is reasonable in the circumstances having regard to–

(i)

the character and the extent of the work done or to be done by the approved body under these Regulations, and

(ii)

the commercial rate normally charged on account of profit for that work or similar work.