- Project plans
- Project activities
- Legislation and standards
- Industry context
- Specialist wikis
Last edited 15 Oct 2020
Emerging cost contract
They are essentially cost reimbursable management contracts for a programme of works and services where the management contractor is paid direct costs identified in an 'estimate of project costs'. They provide for sophisticated management services along with sub-contracting the construction of the works.
However, while there may be target costs and schedules of rates for individual items of the programme of works, with associated incentives and penalties, there is no overall target cost. This means that the final value of the contract may not be known until the contract is complete. This can be useful where setting an overall target cost would restrict the client’s ability to vary the scope of works.
Emerging cost contracts are often applied over a defined period of time. The longer this period of time, the more consideration the contractor is likely to give to long-term performance issues in design and workmanship.
 Related articles on Designing Buildings Wiki
Featured articles and news
As energy prices jump up in cost.
With people in the UK from Ukraine.
Industry leader Steve Murray takes on role.
An abundant and versatile building material.
600,000 heat pump installations targeted per year by 2028.
Helping prevent those unwanted outcomes.
How has transport changed due to Covid-19 ?
Will you need it ? after June 15 and the new Part O ?
Create an account and write the first of many articles.
CIAT commentary after the first meeting.
Who is to blame?
Research recommends focussing on portfolio success rather than project success.
The revised standard for mapping underground utilities.
Cross-industry steering group seeks support in delivery.