NEC 4 Option C Managing Target Cost
1 Day Courses Virtual In House
Available spots
Service Description
Delivering NEC4 Option C: Managing the Target Cost Mechanism Option C is the most commercially sophisticated pricing mechanism on major UK infrastructure programmes, yet it remains the most frequently mismanaged. The pain/gain share mechanism, the interplay between Defined Cost and the total of the Prices, and the discipline required to keep the target credible demand a level of contract literacy that goes beyond general NEC familiarity. Delegates will work through the full Option C lifecycle, from how a target is set, through monthly assessment of Defined Cost and the Fee, to managing the Disallowed Cost provisions that so often drive disputes. The course draws on real examples from Tier 1 projects to illustrate how compensation events reshape the pain/gain position, and what Project Managers and Contractor commercial teams must do each month to preserve alignment between cost, programme and target.
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