Regulation 10 Developer’s payment and security to commence tender exerciseI1
England, Wales and Scotland
Before publishing a notice in accordance with regulation 12(1), in respect of a qualifying project, the Authority must give notice to the developer requiring the developer to—
make a payment to the Authority of an amount determined by the Authority to be reasonable for the purpose of recovering the Authority’s tender costs; and
provide the Authority with security, in a form approved by the Authority, in respect of any liability that the developer has, or may in the future have, under these Regulations in respect of the Authority’s tender costs.
The developer may satisfy a requirement to provide security by arranging for a person approved by the Authority to provide the security.
Annotations
Commencement
- I1
Reg. 10 in force at 3.8.2015, see reg. 1(1)