In many of the open book contracts we review, staff costs can be up to 20% of the whole cost.
Having audited these over many years we realise that there are frequently issues around transparency, cost accuracy and rate understanding.
In many of the open book contracts we review, staff costs can be up to 20% of the whole cost.
Having audited these over many years we realise that there are frequently issues around transparency, cost accuracy and rate understanding.
This is the second paper in our new series within which we seek to illustrate how to audit NEC contracts in a smart and pragmatic manner. It will be followed with papers on further cost heads including, labour (people), agency (people), plant and materials, equipment, subcontract, manufacture and fabrication. We hope you find it helpful.
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Reimbursable contracts are pretty commonplace these days on major construction programmes. Of course, they get...
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Read MoreKey questions to determine how much confidence to place on a people cost R.E.V.I.E.W. In...
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Read MoreMany projects we review are heavily supported by agency staff and labour. In terms of...
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Read MoreLabour costs technically form part of “people” costs under ECC contracts and are audited against...
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