VENSAV3150 - meaning of the 鈥渙pen market value of the supply of the materials鈥� and the 鈥渃ost of the total supply鈥�

The 鈥渙pen market value of the supply of the materials鈥� referred to the price that an installer of energy-saving materials would have had to pay (excluding VAT) to purchase the materials on the open market. In practice, this was normally the price that the installer pays its own supplier for the materials.聽 The inclusion of the term 鈥渙pen market value鈥� was intended to guard against the artificial undervaluation of materials.

The 鈥渃ost of the total supply鈥� was the total charge (excluding VAT) made to the customer (i.e. the total value of the supply of installing the energy-saving materials).