NEC4 · ECC X22.1(2)
Budget
Under Option X22, the items and amounts in the Contract Data that form the project budget. If the final Project Cost is lower, the Contractor earns the budget incentive.
“the items and amounts stated in the Contract Data” (X22.1(2))
Also written as
- Project Cost
- budget incentive
Where you meet it
- Module 2: Procurement strategy: the questions to answer firstContract Preparation