COST BITES 29: THE PRINCIPLES OF BUDGETING CONSIDERING AND APPLIED: 15% REDUCTION TO BUDGET

COST BITES 29: THE PRINCIPLES OF BUDGETING CONSIDERING AND APPLIED: 15% REDUCTION TO BUDGET

In  Associated Newspapers Ltd v Buckingham Group Contracting Ltd (Cost Budgeting) [2022] EWHC 2767 (TCC) Mr Roger Ter Haar KC considered principles relating to the budgeting process. He reduced a budget by 15% across the board. “In my judgment, the…