Easy money
Language: English Series: Building ; 270(8410) 9 December 2005, 45(1)Publication details: 2005Subject(s): Summary: Argues that loopholes as to the costs recoverable by contractors in the NEC's target contract with activity schedule have not been addressed in NEC3. Illustrates how a lack of clarity in target contracts can mean that it is better for a contractor to focus on recovering additional costs from the employer rather than reducing costs with a view to sharing in any savings made. Also highlights ambiguities in the Schedule of Cost Components (SCC) in the NEC.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L132059 (Browse shelf(Opens below)) | 1 | Available | 132059-1001 |
Argues that loopholes as to the costs recoverable by contractors in the NEC's target contract with activity schedule have not been addressed in NEC3. Illustrates how a lack of clarity in target contracts can mean that it is better for a contractor to focus on recovering additional costs from the employer rather than reducing costs with a view to sharing in any savings made. Also highlights ambiguities in the Schedule of Cost Components (SCC) in the NEC.