NEC4 45.2 Accepting defects for option C

Under clause 45.2 (NEC4 accepting defects) the Project Manager accepts the quotation (savings) not having to correct the Defect by the Contractor. How is this dealt financially for Option C - target price? Should the target price be reduced?

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Yes, clause 45.2 sets out that the Prices are reduced, the total of the Prices being the “target price”

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