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Target cost contracting and joint venture agreements

07/10/2019

A recent TCC decision has considered the target cost provisions of the NEC3 Option C contract in the context of a joint venture agreement between two contractors. The decision considers the ability of the parties to make pain/gain share adjustments for interim...

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Authors

Portrait ofPhillip Ashley
Phillip Ashley
Partner
London
Portrait ofMark Breslin
Mark Breslin
Partner
London
Victoria Peckett