A plain English explanation of this ACT planning and property term.
A report prepared by a suitably qualified person for developments where cost of works exceed $10 million. This report is used for calculating the applicable development assessment fees. A summary of costs may be requested for developments where the cost of works is under $10 million and when the cost of works submitted with the application does not match the cost of works determination
A report prepared by a qualified professional for developments where the cost of the works is more than $10 million. It is used to calculate the development assessment fees.For developments costing less than $10 million, a summary of the costs may be requested. This may also be required if the cost stated in the application does not match the assessed cost of the works.