Liz Harris and Andy Ellis discuss the current state of play of costs budgeting in England and Wales and the proposed introduction of costs budgeting to the state of Victoria, Australia. The discussion takes in hourly rates, the timing of CMCs, budgets as caps, whether it should be possible to cross-subsidise between phases, whether budgeting by stage or by phase is best,budgeting incurred costs, sanctions and more.

The contents of this article are for general information purposes only and do not constitute legal advice.  While we endeavour to ensure that the information in this document is correct, no warranty, express or implied, is given as to its accuracy and we do not accept any liability for error or omission.