ICMS Cost definitions

Cost categories

Costs are categorised into four levels as follows:

  • level 1: project or subproject
  • level 2: cost categories
  • level 3: cost groups
  • level 4: cost sub-groups

Site acquisition

Parent: Acquisition Costs
Site acquisition costs include:
  • Costs and premium required to procure site
  • Compensation to existing occupiers
  • Demolition, removal and modification of existing properties by way of payment to existing owners instead of carrying out physical work
  • Contributions for the preservation of heritage, culture and environment
  • Related fees to agents, lawyers, and the like
  • Related taxes and statutory charges