Schedule of Fees

January 2021

Security Sum Held Fee (including VAT)
up to £15,000 £540.00
£15,001 - £100,000 £900.00
£100,001 - £500,000 £1,380.00
over £500,000 by negotiation

Where the Building Owner or the Person Giving Security is not resident or registered in the United Kingdom the next fee band will apply. This includes the Channel Islands and the Isle of Man.

The full fee must be paid before Security is deemed to be effective.

The Setting Up fee includes release of security in full in a single payment to the PGS.

If the Security Sum is “topped up” to the next fee band the difference between the fee bands will be applied.

Additional fees:

Reissuing Offer and Transaction Schedule £90.00
CDD fee per Third Party payee £300.00 (not applicable to the Contractor under a building contract)
Fee per interim payment £90.00
Additional "top-up" deposit under same Transaction £90.00
Final payment under Building Contract £200.00
VAT rate 20%