HT-2021-000466 - [2024] EWHC 2110 (TCC)

IRDL applies for an order for an interim payment in respect of its costs.

Such an order is usual practice: Arcadis submitted that if I had found in its favour and made a costs order as requested by it, an interim payment would be appropriate.

IRDL’s approved costs budget was in the sum of £1,164,708.50. Of that, £399,753.50 was in respect of incurred costs.

I accept Ms Slow’s submission that the appropriate approach is to award 90% of budgeted costs as approved and 75% of the incurred costs.

Thus, as to budgeted costs, the interim payment will be 90% of 60% of £764,955, i.e. £413,075.70. As to incurred costs the interim payment will be 75% of 60% of £399,753.50, i.e. £179,889.07. Accordingly the total interim payment will be £592,964.77.