Can anyone provide a bit of a glossary to the following terms in NEC3 Contract Part2 please?
Trying to complete a tender and this is the first time we have ever encountered NEC3 and struggling to get my head around it!
Direct fee percentage?
Subcontracted fee percentage?
Percentage of people overheads? Is this calculated based on the Tendered Total Price or is it over a standard financial year? Is it just the key people listed or all working on the project? What would be normal on a sub £1m project?
Published list of equipment?
Percentage adjustment for equipment?
Rates for other equipment?
Percentage for deign overheads?
I have been trawling the internet and there seems to be nothing even from NEC in terms of guidance glossary for the layman