What are the six main Options of payment mechanism in the ECC?
The ECC has six main Options, based on different mechanisms for payment to the Contractor and offering basic allocations of risk between the Employer and Contractor. They are:
Option A: Priced contract with activity schedule
Option B: Priced contract with bill of quantities
Option C: Target contract with activity schedule
Option D: Target contract with bill of quantities
Option E: Cost reimbursable contract
Option F: Management contract.