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.
- ISBN10 0727734644
- ISBN13 9780727734648
- Publish Date 10 March 2006
- Publish Status Out of Print
- Out of Print 18 January 2016
- Publish Country GB
- Publisher ICE Publishing
- Imprint Institution of Civil Engineers
- Format Paperback
- Pages 68
- Language English