What is a target cost?
This document is only available with a paid isurv subscription.
Definition There is no set definition of a target cost and it is commonly not defined in the contracts that use them. A working definition that the author has developed is: ‘A target cost is a genuine pre-estimate of the most likely outturn cost for the project as defined in the contract documentation.’ How...Explore the subscription options here to get full access to isurv, including downloads.
Try isurv for 1 month!
You can now get unlimited access to all isurv channels with our 1-month pass, available for only £39. To find out more, enquire with our team using our form.
Sign up for the isurv newsletter to receive a monthly round-up of the latest isurv updates.
For further support, please contact us by emailing isurv@rics.org or calling +44 (0) 247 686 8584