NEC3 Engineering and Construction Contract Option C

This NEC3 Engineering and Construction Contract Option C is a target cost contract featuring an activity schedule. It is designed for scenarios where out-turn financial risks are shared between the client and the contractor in an agreed proportion. This comprehensive document includes all core and secondary option clauses, the schedules of cost components, and the specific contract data required for an Option C contact. As recommended by the Construction Clients' Board, this contract is a standard choice for public sector organisations when procuring construction projects. By using this suite of contracts, organisations can benefit from standardised procurement processes. This edition is part of the new store stock from Thomas Telford Ltd, providing the essential legal and financial framework needed for target cost management in construction.