Ivan Goodsell explains when a cost budget is required and how a late submission can be remedied.
A cost budget, also referred to as a ‘precedent H’, is a document often required during part 7 multi-track cases. The filing and exchange of a cost budget remains one of the most critical components litigators consider during multi-track cases.
It is vital for compliance that a cost budget is fully understood and executed accurately and promptly, especially in cases where a court directs it. The outcome and consequences of not getting a cost budget submission right can be severe and negatively impact the ability to recover costs that are outside of court fees.
When is a cost budget required?
For the vast majority of cases, and all parties except litigants in person, the filing an...
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