How to draw up the budget

The budget is a detailed and realistic estimate of the project’s total cost. In addition to the artist’s fee, the budget must cover all costs needed for implementation of the project such as: production and materials; costs associated with physical structures and presentation; external labour; travel expenses; and daily allowances. Please note that the museum does not have staff to aid with construction or provide security. We also recommend that you include an item for unforeseen expenses in the budget.

The sums in the budget must include VAT. Statutory employer contributions must be added to the wages for external labour (contributions total about 30% of the wages).

Examples of possible expenses:

Artist’s fee
This may not exceed 30% of the total project budget. Before payment, tax (as indicated on the tax card) and statutory employee contributions will be deducted from the fee.

Purchases
Materials
Tools and accessories
Equipment
Packaging materials

Rental
Facility rental
Equipment rental
Other

Purchased services
Printing
Transport and mail
Expert services
Maintenance

Fees and compensation
Insurance
Permits

Artist’s travel

Tickets
Accommodation
Daily allowance

External labour
Salaries and wages
Employer contribution (appr. 30% of wages/salaries)
Travel
Accommodation
Daily allowances

Miscellaneous