KJ Taylor Consulting is led by Kelly Taylor, a qualified Quantity Surveyor, Commercial Consultant and training Adjudicator. Having held appointments within the construction industry as Managing Director, Financial Director and Commercial Manager for the last 17 years, Kelly carries a vast experience with projects of varying sizes in most sectors including Petrol Chemical, Nuclear, Rail,…
NEC3 – Option C – Target Cost with Activity Schedule ‘The NEC Option C is a target cost contract with activity schedule where the out-turn financial risks are shared between the client and the contractor in an agreed proportion.’ NEC. Target cost contracts can be beneficial where the scope of work is not fully defined or…
What is it about contracts that make people want to hide them in the draw (without having actually read the document) in the hope that they will never have to read or refer to them again? Why does the phrase ‘Refer to contract…’ strike fear into the heart of most construction individuals? Is it the presumed legal ‘lingo’…