2. What does the Unitary Charge include?

• Capital expenditure - this includes the capital cost of the building plus associated finance costs with regard to borrowing;

• Sub-hubco costs - costs of administering and running the sub-hubco;

• Lifecycle - replacement costs for major equipment during the life of the project i.e. replacing boilers and lifts etc; and

• Hard facilities management - maintenance costs of the building.

It does not cover rates, energy costs or insurance costs.