Guideline 7. Budgeting
Indicative budgets should be established at the outset of the commission and detailed costs identified through the design development phase. The following headings may each need to be considered as a likely cost.
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Cost headings
The following headings may each need to be considered as a likely cost:
- fabrication and installation costs
- artists fees
- artists time and expenses in liaison with members of the design team – engineer, lighting consultant, quantity surveyor, landscape architect, etc
- specialist subcontractors or fabricators
- additional manpower or assistants
- accommodation and travel expenses
- studio expenses – rent, light, heating, etc
- specialist equipment
- specialist consultants and engineers
- site equipment, including safety barriers, scaffold, etc
- materials and samples to be agreed by client prior to fabrication
- structural foundation and fixings – design and fabrication of
- surface finishes and treatments – prior and post installation
- transport – including packaging
- installation costs – transport, crainage, plant and personnel
- additional materials – fixtures, fittings, lighting, landscaping
- 1 year’s defects liability covering materials and workmanship
- insurance and ownership post-installation
public liability insurance for - artist and subcontractors
- storage of the work prior to fabrication
- routine and annual maintenance schedule
- power supply and ongoing costs
- launch event
- press and PR
