NEC4 · ECC Option A 63.12 and Option B 63.12

value engineering percentage

The percentage of an accepted Contractor saving that is taken off the Prices under Option A or B. The Contract Data sets 50% unless it states another.

Where you meet it

• Module 11: Priced contracts: Options A and BCase Law
• Module 3: The main Options: how the Contractor is paidContract Preparation