NEC4 · ECC Option C 11.2(31)
accrual
A cost entered in the accounts before it is paid. It counts as Defined Cost only when paid, or when the Project Manager forecasts payment before the next assessment date.
Also written as
- accruals
Where you meet it
- Module 5: PeoplePayment and Defined Cost
- Module 11: Records, audits and clawbackPayment and Defined Cost