Determining the value of building work

When estimating the value of building work, the Building Regulations 2012 require that the value is the sum of the value of the following relevant components (including GST):

  • all goods, including manufactured goods, forming part of the construction work
  • cost of labour (even if an owner or a friend provides this component)
  • fees payable
  • profit margin
  • GST
  • services necessary
  • overheads