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So, your incurred costs are not addressed at all at the CCMC because the Court is directed not to perform a quasi-assessment and most Judges outside of London don't want to get involved anyway. Your budget is set and then the case settles a week later. You incur almost none of your projected costs.

If this ruling is correct and the budget is binding there will be no assessment of the incurred costs at all despite constituting 99% of the eventual bill. Obviously that cannot be correct so neither can this ruling.