Target Cost Contract (TCC 2024)

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Current edition: TCC 2024

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  • Can be used on large or smaller scale projects, but generally where detailed provisions are necessary.
  • Can be used where the Employer wishes to incentivise the Contractor by the use of a Target Cost and difference sharing arrangements.
  • Can be used where Employer’s Requirements have been prepared and provided to the Contractor enabling a Target Cost to be agreed.
  • The Contractor is responsible for completing the design, as well as carrying out the works.
  • The Contractor is paid its allowable costs together with a contract fee (which may be a fixed sum or a percentage of allowable cost)
  • Provisions are included for collaborative working, sustainability, advance payment, bonds (advance payment, off-site materials, retention), third party rights and collateral warranties.
  • Pre-Construction Services Agreement (General Contractor) (PCSA) and Pre-Construction Services Agreement (Specialist) (PCSA/SP) can be used (with minor adaptation) with this contract.
  • This contract can be used with the Framework Agreement (FA).
  • For use of both private and public sector projects.
  • Download contents page
  • Download Model Form for the Rights Particulars 
  • Download JCT Fluctuations Options A, B & C

About this type of contract

ISBN : 9780414108080

Edition : 2024

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