The Department for Levelling Up, Housing & Communities (DLHUC) last week published its response to consultations on several regulations under the Building Safety Act, including provisions for the ‘golden thread’, information needed to attain a building-assessment certificate and duties to engage residents.
The government, alongside secondary legislation to bring the regulations into law, published its final impact assessment showing costs of the new regime, which applies to blocks at least 18 metres in height or have at least seven storeys and contain at least two residential units.
The impact assessment sets out three cost estimates for the industry.
Its ‘low’ estimate is a cost to industry of £1.24bn over 15 years, its central, or ‘best’ estimate is £1.82bn and its ‘high’ estimate is £2.9bn.
The assessment shows new rules requiring building owners or managers to produce safety cases for buildings will be the costliest area, with a central estimate of £830.9m.