FAQs

The open-market rate has to reflect the market that you as a contractor are in, not you as an individual. It is after all your firm and not you individually that is carrying out the work and using the equipment. It should be the best rate you can get after shopping around. If that is £100, then that is the open-market rate.

Copyright © NEC® Contracts 2014, all rights reserved.
NEC® is a division of Thomas Telford Ltd, the commercial arm of the Institution of Civil Engineers.
Company Reg. No. (Thomas Telford Ltd): 2556636. VAT Reg. No: 240877747.

Institution of Civil Engineers Thomas Telford

This website uses cookies, so that we can provide you with the best user experience.
By continuing to use this website, you are giving consent to cookies being used.
To find out more about which cookies we use and how you can manage them, please see our Cookie Policy