Key innovation: pain/gain share
The NEC option C target contract with activity schedule had the interesting addition of a contingency fund, established outside the target, to fund risks identified by all members of the team. Unused funds were split between all parties - including the consultant - on conclusion of the project.
Essex County Council, WS Atkins, French Kier Anglia, Ruddocks, RF Thompson, Bourne Steel, Solaglas
Start: February 1999
Completion: October 1999