NEC3 Option E Equipment Costs

If, in a contract under Option E, the works information requires some site investigation work to be carried out, am I right that the cost of the equipment used is actual cost and that the CECA rates referenced in Contract Data Part 2 are only used for Compensation Events?

As the works are stated in the Works Information, your costs for carrying out those works are reimbursed using actual costs + Fee.

Should a Compensation Event arise you would quote the Compensation Event using the Schedule of Cost Components / CECA. Once implemented the forecast amount of the Prices will be updated but you will continue to to use your actual cost + fee.

1 Like