Defined Cost - Percentages - Option A contract

[Neil_Earnshaw]

See my answer here:

NEC3 ECC - Shorter Schedule of Cost Components Percentages

Taking each component in turn: People Amount paid by Contractor for Contractor’s people + % people overheads = sub total for Contractor’s people Amount paid by Subcontractor for Subcontractor’s people + % people overheads = sub total for Subcontractor’s people Plant and Materials Payments for purchasing Plant and Materials = sub total for Plant and Materials Design (Total hours worked by Subcontractor’s employees x hourly rates in Contract Data) + % design overheads = sub total fo…