Auditing Defined Cost under NEC4 Options
1 Day Course Virtual In House
Available spots
Service Description
This course will be delivered by an MRICS and Certified Auditor with extensive NEC experience in the UK and abroad. In target cost and cost reimbursable contracts, the Contractor's entitlement to payment depends on whether claimed costs meet the NEC4 definition of Defined Cost. Yet audits are frequently superficial checks leaving clients exposed to millions of pounds of leakage over the life of a programme. The course covers the Schedule of Cost Components and the Short Schedule in detail, the treatment of people, Equipment, Plant and Materials, charges, design and insurance, and the specific tests for Disallowed Cost under clause 11.2(26). Delegates will learn how to structure an audit, what evidence to demand, substantiation and justification of costs, the journey of costs from requisition to invoice, how to identify common patterns of over-recovery, and how to frame findings in a way that is contractually defensible rather than merely assertive.
Cancellation Policy
1. Booking & Payment All course places must be booked in advance via the BPIC Network platform or authorised booking channels. Full payment is required at the time of booking to secure your place. Spaces are limited and allocated on a first come, first-served basis. 2. Course Delivery Courses may be delivered virtually (online) or in person, as stated at the time of booking. Full joining instructions, including location details or virtual access links, will be shared prior to the session. It is the participant’s responsibility to ensure they have the appropriate technology, internet access, and availability to attend. 3. Cancellations & Refunds More than 7 days before the course: Full refund or transfer to another session (subject to availability). 3–7 days before the course: 50% refund or option to transfer. Less than 72 hours before the course: No refund. Non-attendance (no-show): No refund or transfer permitted. 4. Transfers & Substitutions If you are unable to attend, you may: Transfer your place to another available session (subject to notice and availability), or Nominate a substitute attendee at no additional cost (must be confirmed in writing prior to the session). 5. Changes by BPIC Network BPIC Network reserves the right to: Reschedule or cancel a course due to unforeseen circumstances (e.g. low enrolment, speaker availability). In such cases, participants will be offered: A full refund, or The option to transfer to an alternative date. 6. Attendance & Conduct Participants are expected to attend on time and engage respectfully. For virtual sessions, cameras and microphones should be used appropriately where required. Disruptive or inappropriate behaviour may result in removal from the session without refund. 7. Certification Certificates of completion (where applicable) will only be issued to participants who attend the full session or meet attendance requirements. 8. Intellectual Property All course materials are the property of BPIC Network and/or its facilitators. Materials must not be recorded, reproduced, or distributed without prior written consent. 9. Data Protection Personal information provided during booking will be used solely for course administration and communication, in line with data protection regulations. 10. Liability BPIC Network is not responsible for: Technical issues experienced by participants during virtual sessions, Travel or accommodation costs incurred for in person sessions.
Contact Details
143-149 Fenchurch Street, London, UK
020 3633 2408
info@bpicnetwork.com