Webinar - Defined Cost Verification and Audit under NEC4
Webinar - Defined Cost Verification and Audit under NEC4
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THU, APR 2 2026, 13:00 PM BST
Join us for an expert-led session exploring Defined Cost Verification and Audit within the NEC4 suite of contracts. This webinar breaks down the audit process, cost categorisation, and the key clauses that underpin defined cost verification under Options C, D, and E. You’ll gain practical advice on setting up contracts, cost collection systems, and managing applications for payment, plus insights on handling accrued costs and avoiding disallowed costs.
Our speaker, Myles Scrancher, will share practical examples, audit checklists, and common pitfalls to help you stay contract-compliant and audit-ready.
Accreditations & CPD
Accreditations & CPD
Suitable for CPD requirements of RICS, CIOB, ICE, APM, and PMI members.
Learning Outcomes
Learning Outcomes
By the end of this webinar, you should be able to:
• Understand the defined cost verification and audit process under NEC4, including key contract clauses and compliance requirements
• Identify common audit findings and cost categorisation, including verified, unverified, non-defined, and disallowed costs
• Apply best practices for contract setup and cost reporting to improve transparency, avoid disallowed costs, and streamline project audits
About the Author
About the Author
Myles is an award winning Chartered Quantity Surveyor, NEC4 Project Manager and Accredited Commercial Mediator with 25+ years multi industry construction experience across the UK, Netherlands, Norwegian sector and the Southern North Sea (SNS).
