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Quantity surveyor reviewing cost records on a target cost contract - open-book accounting is central to the pain/gain share mechanism.

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Target Cost Contracts: How They Work and When to Use Them

Target cost contracts split the difference between agreed and actual cost through a pain/gain share mechanism. Here is how they work, how NEC4 Option C implements them, and when to use one.

20 Sept 2026·Contracts & Law

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