{"id":39095,"date":"2018-03-02T15:52:32","date_gmt":"2018-03-02T15:52:32","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=39095"},"modified":"2018-03-02T15:52:32","modified_gmt":"2018-03-02T15:52:32","slug":"projects-let-target-cost-contracts","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/projects-let-target-cost-contracts\/39095\/","title":{"rendered":"BCIS sees rise in number of projects let on target cost contracts"},"content":{"rendered":"<h2>BCIS is receiving an increasing number of projects let on target cost contracts.<\/h2>\n<p class=\"intro\">There are now over 200 health projects let through Procure 21+ on the BCIS database, most of which were let on NEC target cost contracts.<\/p>\n<p>BCIS has also received target cost projects from local authorities.<\/p>\n<p>The projects range in size from under \u00a31million to over \u00a340million, with the majority being between \u00a31million and \u00a35million.<\/p>\n<p>For over 90% of these projects BCIS has been able to prepare full elemental cost analyses from the target cost breakdown. For the remainder, group elemental analyses or total building costs have been prepared.<\/p>\n<p>For some projects where a quantified build-up of the target costs was provided, it was possible to produce a project tender price index.<\/p>\n<p>All the analyses carried out by BCIS were supplied to the submitting organisation, together with a benchmark report.<\/p>\n<figure style=\"width: 475px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.rics.org\/ImageVaultFiles\/id_0\/cf_19067\/st_edited\/c7D9hwqPbj-Mss-ndT9J.jpg\" alt=\"number of projects let on target cost contracts\" width=\"475\" height=\"284\" \/><figcaption class=\"wp-caption-text\">Target cost contracts (Analysis of contracts on BCIS Online)<\/p>\n<dd><\/figcaption><\/figure>\n<p><em>Source: <a href=\"https:\/\/www.pbctoday.co.uk\/news\/stakeholders\/bcis\/37696\/\" target=\"_blank\" rel=\"noopener\">BCIS<\/a><\/em><\/p>\n<p>The latest report on contracts carried out by <a href=\"https:\/\/www.thenbs.com\/\" target=\"_blank\" rel=\"noopener\">NBS<\/a>* indicated that over 20% of projects were being let as target cost contracts.<\/p>\n<p>Whatever the procurement route, it is likely that BCIS can produce an elemental cost analysis from the contract sum analysis. If you would like BCIS to prepare cost analyses of your projects, contact the Data Delivery Team on 020 7695 1700 or by\u00a0<a title=\"Data team\" href=\"mailto:data@bcis.co.uk\">email.<\/a><\/p>\n<p>*National Construction Contracts and Law Survey 2015, NBS, November 2015<\/dd>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>BCIS is receiving an increasing number of projects let on target cost contracts. There are now over 200 health projects let through Procure 21+ on the BCIS database, most of which were let on NEC target cost contracts. BCIS has also received target cost projects from local authorities. The projects range in size from under [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[283,172717,814,640],"stakeholder_rel_tag":[172384,172510],"contributor_rel_tag":[],"class_list":{"0":"post-39095","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-finance","8":"tag-planning-construction-insight","9":"tag-sh-bcis","10":"tag-sh-rics","11":"stakeholder_rel_tag-bcis","12":"stakeholder_rel_tag-rics"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BCIS sees rise in number of projects let on target cost contracts<\/title>\n<meta name=\"description\" content=\"BCIS is receiving an increasing number of projects let on target cost contracts. There are now over 200 health projects let through Procure 21+ on the BCIS database, most of which were let on NEC target cost contracts.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/projects-let-target-cost-contracts\/39095\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BCIS sees rise in number of projects let on target cost contracts\" \/>\n<meta property=\"og:description\" content=\"BCIS is receiving an increasing number of projects let on target cost contracts. There are now over 200 health projects let through Procure 21+ on the BCIS database, most of which were let on NEC target cost contracts.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/projects-let-target-cost-contracts\/39095\/\" \/>\n<meta property=\"og:site_name\" content=\"Planning, Building &amp; Construction Today\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PBCToday\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-02T15:52:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.pbctoday.co.uk\/news\/wp-content\/uploads\/2018\/03\/RICS.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"171\" \/>\n\t<meta property=\"og:image:height\" content=\"70\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nick Wilde\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@PBC_Today\" \/>\n<meta name=\"twitter:site\" content=\"@PBC_Today\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/projects-let-target-cost-contracts\/39095\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/projects-let-target-cost-contracts\/39095\/\"},\"author\":{\"name\":\"Nick Wilde\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#\/schema\/person\/5913a95b7386193820910bf11498d715\"},\"headline\":\"BCIS sees rise in number of projects let on target cost contracts\",\"datePublished\":\"2018-03-02T15:52:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/projects-let-target-cost-contracts\/39095\/\"},\"wordCount\":238,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/projects-let-target-cost-contracts\/39095\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.rics.org\/ImageVaultFiles\/id_0\/cf_19067\/st_edited\/c7D9hwqPbj-Mss-ndT9J.jpg\",\"keywords\":[\"Financing\",\"Planning &amp; Construction Insight\",\"SH BCIS\",\"SH RICS\"],\"articleSection\":[\"Planning &amp; Construction News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/projects-let-target-cost-contracts\/39095\/#respond\"]}],\"copyrightYear\":\"2018\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/projects-let-target-cost-contracts\/39095\/\",\"url\":\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/projects-let-target-cost-contracts\/39095\/\",\"name\":\"BCIS sees rise in number of projects let on target cost contracts\",\"isPartOf\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/projects-let-target-cost-contracts\/39095\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/projects-let-target-cost-contracts\/39095\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.rics.org\/ImageVaultFiles\/id_0\/cf_19067\/st_edited\/c7D9hwqPbj-Mss-ndT9J.jpg\",\"datePublished\":\"2018-03-02T15:52:32+00:00\",\"description\":\"BCIS is receiving an increasing number of projects let on target cost contracts. 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