Target cost contract 2024
JCT Generic Contracts TCC
Document Status
Current
Supplement
Core Supplement
Series
JCT Generic Contracts
Abstract
Can be used where the employer incentivises the contractor with a target cost and difference sharing arrangement; the contractor is responsible for the design and completing the works; the target cost is agreed and the employers requirements are prepared by the contractor; the contractor is paid allowable costs together with a contract fee; and is suitable for private and public sector projects.
History
Current edition: TCC 2024.
Subjects
- Contracts
- JCT Measured Term Contract (MTC)
- Legal issues and management
- JCT Contracts
Publisher History
Sweet and Maxwell are a large commercial Publisher for the legal and regulatory markets. In May 2005 they took over the publishing of the JCT contracts.
Information
NBS
NBS has produced specification systems and information products for construction industry professionals for more than 40 years. The National Building Specification is the recognised UK national standard and is used by over 5,000 organisations. NBS is part of RIBA Enterprises Ltd.
Accuris
We connect trusted knowledge to customers' workflows – mitigating risk, increasing efficiency and accelerating innovation For more than 60 years, leading R&D and engineering-intensive organizations have relied on us to achieve on-time, on-budget delivery of complex projects and new products. We deliver an unparalleled combination of technical content and Artificial Intelligence (AI) technologies to surface answers from the vast universe of technical knowledge, both inside and outside the organization. In a single interface, we connect the dots between information scattered across many different sources, allowing technical professionals to make better, more informed decisions faster.