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HOW-TO MANUAL

Contents

How-To Manual

Section

Fees and Payment

TITLE

Portfolio Stream Fees and Payment

The BOMA BEST portfolio program is designed to provide a more cost-effective certification option for buildings owned or managed by a single firm.

Please be advised that payment for BOMA BEST is valid for the entire calendar year, regardless of the invoice date. This means that an invoice issued in any month of the year covers the BOMA BEST fee for the full year. Please note that BOMA BEST does not offer prorated fees for partial years. As such, a new invoice will be issued in the subsequent year to cover the BOMA BEST fee for that year.

BOMA BEST is pleased to offer our clients flexibility when it comes to invoicing and payment. Otherwise, we will issue invoices at our discretion throughout the year. To ensure ease of payment, we offer several methods, including Electronic Funds Transfer (EFT), cheque or credit card.

The BOMA BEST fee is calculated using the following formula:
Base Cost + (Variable Cost * Square Footage of Property) = Fee
 
The following provides a breakdown of the calculation’s components:
  • Base Cost: This fixed fee is the minimum cost incurred based on a set property size range.
  • Variable Cost: This fee is calculated based on the total square footage of the property.*
  • Fee: The total amount to be paid, calculated by adding the base cost to the product of the variable cost and the square footage of the property.
*MURBs are calculated based on unit count.