We’re pleased to announce that we’re introducing a Levy reduction for projects over £5m. This will allow SEC to better support the increasing number of large building safety projects across London and the South East.
The Levy reduction will further support our customers with value around project delivery – meaning your planned works budgets will go further.
For contracts £5m+ awarded after 1 August 2020, the Levy % will reduce as follows:
| Project Value | Member Levy | Guest Levy |
| £5 – 10m | 1.00% | 1.50% |
| £10 – 20m | 0.50% | 1.00% |
| £20m+ | 0.25% | 0.50% |
Our Managing Director, Marc Baines has written some words for our network explaining the reasoning behind our decision and it’s impact –
SEC Board have approved the introduction of a levy reduction for projects £5m+. Its fantastic news which will make our frameworks even more suitable for major projects.
SEC have seen an increase in customer requests for refurbishment and fire safety works in recent months. We expect to continue to see the volume of these projects grow as our Members make their buildings the safest homes they can possibly be given the latest guidance.
This change will be applied to all of our frameworks – not just those that cover refurbishment and fire remedial work. And, we’ll still be providing the same level of support as before.
Making this change is one of the ways we can support our customers with value for money around their project delivery. As a consortium we also want to influence solutions to the sectors future and this positive change is another way we can do our bit.
If you have any questions or would like further information – please get in touch.
Marc Baines, Managing Director, marc.baines@southeastconsortium.org.uk
