Construction Glossary—T
Construction Glossary—T

The following Construction guidance note provides comprehensive and up to date legal information covering:

  • Construction Glossary—T
  • Taking-Over Certificate
  • Taking off
  • Target cost contract
  • TCC
  • TECBAR
  • Technology and Construction Court (TCC)
  • TeCSA
  • Temporary works
  • Tender
  • more

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Taking-Over Certificate

The certificate issued by the Engineer under a FIDIC contract (by the Employer in the Silver Book) which certifies that the Works (or a Section) have been completed to the extent required under the contract and the date that this was achieved (similar to a certificate of practical completion in JCT contracts). See Practice Notes: FIDIC contracts 2017—time and FIDIC contracts (pre-2017 editions)—time.

Taking off

The recording of dimensions taken from drawings or schedules. The first stage in preparing bills of quantities.

Target cost contract

A type of cost reimburseable contract under which the contractor is paid the ‘actual cost’ it incurs in carrying out the works, but is subject to a target cost which is agreed by the parties at the beginning of the project. At the end of the project, the parties apply a mechanism/formula to calculate whether savings were made or whether costs overran—the contractor will then either share the savings with the employer or contribute towards the overspend. See Practice Notes: Target cost contracts on construction projects and Pricing structures in construction contracts.

TCC

See Technology and Construction Court below.

TECBAR

The Technology and Construction

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