Final answer:
The cost of application for third-party determination by the RICS President varies based on case complexity and dispute amount. Contacting RICS directly is necessary to get the current fees and additional cost information.
Step-by-step explanation:
The cost to apply for a third-party determination by the President of the Royal Institution of Chartered Surveyors (RICS) can vary and is dependent on the complexity of the case, the amount in dispute, and the required expertise of the appointed expert. It is advisable for anyone interested in this service to directly contact RICS for the most current fee structure and any additional costs that may apply.
Fees are often structured to cover the administration involved, the professional time of the President or the appointed expert, and any other incidental expenses that might arise during the determination process. However, as prices can fluctuate and additional charges might be applied for complex cases, direct consultation with RICS is the best way to obtain accurate and up-to-date information.