Webinar - NEC4 ECC : Understanding Defined Cost

NEC3 and NEC4 Contracts
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This topic is for all questions raised on our webinar “ NEC4 ECC: Understanding Defined Cost”.

The aim of this webinar is to achieve a common understanding of what counts as Defined Cost and its relationship to Disallowed Cost and the Fee. Also, we’ll cover the structure of the Schedule of Cost Components (soCC) and Shorter Schedule of Cost Components (SSoCC).

By the end of this webinar, you should be able to:
1. Understand how the SoCCs are used and understand Disallowed Cost in the context of Defined Cost
2. Explain how the Fee is and what it includes
3. Understand how Defined Cost is used I the main options
@Barry_Trebes

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@Barry_Trebes How can the Client determine if the Contractor has not worked efficiently (Disallowed cost)? I have a situation where a Client is querying hours claimed by internal designers.