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Procurement target price contracts

Rawlinson, Simon

Procurement target price contracts - 2007 - Building 272(8497) 14 September 2007, 62-65(4) .

Provides an overview of target price contracts, and in particular the target contract options of the NEC. Explains how a target cost contract works, outlines the effective management and maintenance of incentives on target cost contracts, and highlights the advantages and disadvantages of target cost contracts. Includes a case study based on a commercial project using NEC2.

Subjects--Topical Terms:
NEC ENGINEERING AND CONSTRUCTION CONTRACT: OPTION D (THIRD EDITION)
NEC ENGINEERING AND CONSTRUCTION CONTRACT: OPTION C (THIRD EDITION)
NEC ENGINEERING AND CONSTRUCTION CONTRACT (SECOND EDITION)

Subjects--Geographic Terms:
United Kingdom--

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