ECC Option D: Target with Bill of Quantities

NEC ECC Option D: Target Contract with Bill of Quantities

A target cost contract where a bill of quantities is used for pricing and measurement, with pain and gain shared between the Client and Contractor based on the final outturn cost versus the target. Combines the familiarity of BoQ measurement with the incentive of target cost contracting.

Key Features

• Target cost contract with pain/gain share mechanism
• Bill of quantities used for pricing and interim payments
• Incentivises cost efficiency while sharing risk
• Suitable for projects with measurable scope and some uncertainty