Indexation
Indexation provides protection against inflation for Section 106 (s106) obligations and ensures that we are protected against the cost of delivering infrastructure. In most cases the indexation would run from the month prior to the signing of the agreement up until the date that the obligation is payable.
Updates to indices are published regularly for all of the indices we use and will be evidenced at the time of invoicing.
If there is significant time between the initial consultation on a planning application and the decision date, indexation calculations may need to be updated to ensure that the most up to date figures are used at the time that the planning application is decided.