FIDIC 2017 · FIDIC 1.1.20
Cost Plus Profit
Cost plus the profit percentage in the Contract Data, or 5% if none is stated. It applies only where a Sub-Clause says so.
“Cost plus the applicable percentage for profit stated in the Contract Data” (FIDIC 1.1.20)
On the Aldermere project
The new geotextile rate in Variation 1 is Cost of GBP 10.00 plus 5% profit: GBP 10.50.
Where you meet it
- Module 7: Valuing changeNEC4 vs FIDIC 2017
- Module 13: Termination and Exceptional EventsNEC4 vs FIDIC 2017