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:
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.
Tools and accessories
Transport and mail
Fees and compensation
Salaries and wages
Employer contribution (appr. 30% of wages/salaries)