Guidance Notes (ICE Conditions of Contract Target Cost) - Softcover

Institution Of Civil Engineers

Softcover

ISBN 10: 0727734644 ISBN 13: 9780727734648

Publisher: Institution of Civil Engineers, 2006

Synopsis

This publication provides guidance to the "ICE Conditions of Contract Target Cost Version, First edition" which encourages active collaboration to reduce costs by sharing expertise and jointly managing risks in an open working environment, within the framework of the ICE Conditions of Contract family. It encourages the Contractor to be more closely involved in aspects of design, provides for payment to the Contractor on a cost reimbursable basis and an incentive share arrangement if the costs differ from the target. It features a more open style of control and management, which permits an early and joint approach to the identification and management of risks, obliges parties to recognise and understand each other's objectives and promotes closer working relationships.

Edition details

• Publisher: Institution of Civil Engineers
• Publication date: 2006
• ISBN 10: 0727734644
• ISBN 13: 9780727734648
• Binding: Paperback
• Language: English
• Number of pages: 68