How often must principal authorities prepare a report on fees authorized for construction?

The requirement for principal authorities to prepare a report on the fees authorized for construction outlines the standard frequency for maintaining transparency and accountability in the management of construction-related fees. A report prepared every 12 months aligns with typical fiscal accountability practices, ensuring that fees are reviewed regularly in a structured manner.

This annual requirement allows for timely adjustments to the fee structures as needed, based on the economic climate, budgetary needs, and operational costs associated with construction processes. It fosters consistent oversight and helps in identifying trends or areas needing improvement within the fee authorization framework.

While shorter or longer intervals may be feasible, an annual report strikes an effective balance between operational efficiency and the ability to respond to changing circumstances, making it the correct timeframe for this reporting requirement. This practice ultimately supports better governance within construction management on behalf of the principal authorities.