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NEC4 ECC: Understanding Defined Cost

NEC4 ECC: Understanding Defined Cost

Level Advanced
Duration 20 minutes

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

Accreditations & CPD

This course provides structured Continuing Professional Development (CPD). Recognition of CPD is subject to individual professional body requirements and the learner’s role. This course is not formally accredited unless explicitly stated.

Suitable for CPD requirements of RICS, CIOB, ICE, APM, and PMI members.

Learning Outcomes

By the end of this course, you should be able to:

• Understand how the SoCCs are used and understand Disallowed Cost in the context of Defined Cost
• Explain what the Fee is and what it includes
• Understand how Defined Cost is used in the main Options

About the Author

This course is produced by Built Intelligence in association with Barry Trebes.

Barry is a chartered quantity surveyor with over 30 years of experience in major transportation, infrastructure and utility projects. Has procurement experience across a wide range of market sectors. He developed and led NEC training and advice support services in Needleman’s and initiated a collaboration with MPS Limited in 1998 to develop a web-based NEC contract management system.

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