1) It is possible to have a target price contract under the main options in the NEC ECC, but target price contracts are not possible under the JCT SBC or the FIDIC Red Book contracts. Critically evaluate why this is the case and discuss the main effects that a target price contract will have on the role of the parties and the contract administrator when compared with a contract based on a lump sum price or a bill of quantities. (500 words) 2) The assessment of extensions of time is an important …
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