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- NEC Engineering and Construction
Holden Hsv Owners Manual - gemini-
But, as everyone knows, barring perhaps the Captain of the Titanic, what we see on the surface is only, well, the tip of the iceberg. All of the Contractor’s costs, not included in the Defined Cost, are deemed to be included in the Fee. (DEFINED COST UNDER THE NEC3 ENGINEERING AND CONSTRUCTION CONTRACT) reads: “The Fee is the sum of the amounts calculated by applying the subcontracted fee percentage to the Defined Cost of subcontracted work and the direct fee percentage to the Defined Cost of other work.” The words “subcontracted fee percentage” and “direct fee percentage” appear in italics.
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Understanding the format How to use
1 So what then is this Defined Cost, which we are constantly being referred to?
NEC Engineering and Construction
Options A and B define Defined Cost at Clause 11.2(22) as: “the cost of the components in the Shorter Schedule of Cost Components whether work is subcontracted or ___________________________________________ 1 D Thomas QC, Keating on NEC3 (First Edition), Sweet & Maxwell, 2012, pg 19.
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