NEC3 to NEC4: What Changed in the Schedules of Cost Components and Fee?

In this Microlearning course, you will explore one of the most complex yet essential areas of NEC contracts: the Schedule of Cost Components. We will examine how NEC4 has streamlined this process compared to NEC3, including the removal of the Short Schedule of Cost Components for main options C, D, and E, and the integration of subcontractor costs into both schedules. 

You’ll learn how changes such as the removal of secondary percentages, clarification of people costs, and the introduction of mandatory pre-priced People Rates under options A and B simplify contract administration and reduce disputes. The course also highlights the consistent application of a single fee percentage across all contracts, ensuring greater clarity.