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Keep up to dateBy Jeffrey Brown2019-10-28T10:16:00
Jeffrey Brown considers who should pay for the rectification of defects discovered during the work under a target cost contract
The NEC4, and its predecessor, NEC3, continue to be the preferred procurement model for high-value public sector contracts. Many of these are let under Options C and D of the standard form. These are target cost contracts used respectively with an activity schedule or bills of quantities. Recently, the UK government stated that contracts for the HS2 rail project will be let under NEC3 Option C. This follows from contracts also let under this contract form relating to the Crossrail project with Transport for London.
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