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ICC Target Cost Version 2018

ICC Target Cost Version 2018, ISBN 9781916406100, Publisher ACE/CECA, Which Building Contract
Infrastructure Conditions of Contract Target Cost Version 2018


 
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Description
 
Publisher: ACE
Format: Paperback
ISBN: 9781916406100
Pagination: 45 pages
Published: 01 June 2018

This 2018 version is drafted to minimise the incidence of potential disputes and resolve those that may arise in a speedy and non-confrontational manner. It seeks to facilitate a contract strategy which will significantly reduce the potential of cost overruns and the better control of outturn price. The contract’s core provisions reflect those of the “With Quantities Version” and reflects its basic model and structure as well as reflecting current practice and government thinking. The Contractor is encouraged to be involved more closely in aspects of design, including that provide by or on behalf of the Employer and is paid an agreed target cost plus fee with cost savings below target cost and expenditure above the target cost shared in accordance with an agreed percentage. The contract is capable for use for international construction projects.

Contents

1 Definitions and interpretation
2 Governing Law, Communications and Jurisdiction
3 Assignment and Sub-contracting
4 The Contract and Provision of Information
5 The Engineer
6 Responsibility of Parties
7 Nominated Sub-Contractors
8 Risk
9 Programme and Time for Completion
10 Performance and Completion
11 Measurement and Payment
12 Changes to the Works and Valuation
13 Additional Payment and Final Account
14 Force Majeure
15 Termination for Default
16 Contractors Equipment and Materials
17 Insurances
18 Bonds and Securities
19 Resolution of Disputes
20 BIM Information Modeling

Supplementary Clauses
21 Milestones
22 Sustainability
23 Employers Furnished Materials
24 Other Supplementary Clauses

List Price: £ 33.00

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