NEC4 · ECC 11.2(10)
Fee
Defined Cost multiplied by the fee percentage. It covers every cost that is not Defined Cost, such as head office overheads, plus profit.
“the amount calculated by applying the fee percentage to the amount of Defined Cost” (11.2(10))
On the Aldermere project
In CE007, Defined Cost of GBP 73,153.15 attracts a Fee at 11% of GBP 8,046.85.
Also written as
- the Fee
Where you meet it
- Module 3: How Option C pays youPractitioner Course
- Module 11: Defined Cost, the Schedule of Cost Components and Disallowed CostPractitioner Course
- Module 0: Key terms and the money mapPayment and Defined Cost · Free
- Module 1: How the ECC paysPayment and Defined Cost · Free
- Module 4: Defined Cost, the Fee and the Schedule of Cost ComponentsPayment and Defined Cost
- Module 7: Valuing changeNEC4 vs FIDIC 2017
- Module 3: The main Options: how the Contractor is paidContract Preparation
- Module 10: The tenderer's viewContract Preparation