Low Value Theft

This comes as welcome news from our friends at the CLSA. How to bill a low value theft, Cat 1A or 1B, has been a regular phone query in recent weeks. I suspected that people were advice shopping for a positive “yeah go on bill it as either way” answer. We, as ever, urged caution, and I think I still would, at least until the LAA guidance is out in black and white.

It will be interesting to see what, if anything, they say about historic claims. Given that we have witnessed cautious, under-claims sanctioned as “misreporting” on costs audits, one might argue that you are almost compelled to submit amendments. This or face another another Contract Notice.

It remains the case that you can claim nothing for the “attempted daylight robbery” these LAA cost audits represent.

About Author: SP

Leave a Reply

Your email address will not be published. Required fields are marked *