Extra. It’s not extra – the increases would be factored in to the cost over three years.
Motabiity know how much inflation will rise over a 3 year lease? A bit like a crystal ball I would say, especially with her from accounts in charge
It’s an assumption the guys with spreadsheets could get pretty close to. If you’ve half a sense of economics, you’ll be able to put realistic numbers in. Remember, it’s not about accurately predicting the future but putting a REASONABLE allowance for uplifts. It’s the same as future values and insurance expenses over the next 3-5 years, it’s very difficult to get exact but given a margin of error predictions become reliable estimates.
Even within government budgets, there’s estimates for inflation, future pay rises and all potential future changes. I know I was expected to be able to uplift current expenditure to a budget based on future activity and pricing for both short (1-2 years) and medium term (5-15 years) expectations. That’s working on a decade’s worth of inflation and market conditions, although we generally took an annual report from economists in a central department.
I'm Autistic, if I say something you find offensive, please let me know, I can guarantee it was unintentional.
I'll try to give my honest opinion but am always open to learning.
Mark