ECC Option C: Target with Activity Schedule

NEC ECC Option C: Target Contract with Activity Schedule

A target cost contract where pain and gain are shared between the Client and Contractor based on the final outturn cost versus a target. Uses an activity schedule for pricing, incentivising the Contractor to deliver efficiently while sharing the risk of cost overruns.

Key Features

• Pain/gain share based on final cost versus target
• Activity schedule used for pricing and interim payments
• Incentivises efficient delivery and cost control
• Suitable for projects with some uncertainty in scope