Very simple this one and yes you are correct. I would always recommend a Contractor actually READS their contract to understand what the rules are and how they should price it in the first place.
In any of the NEC option A contracts (TSC, ECC, PSC, ECS) the fee percentage only comes into play for assessing compensation events where they are being assessed using defined costs. Fee is deemed to be included within elements on the Price List (TSC) and activity schedule (ECC).
In any of the NEC option A contracts (TSC, ECC, PSC, ECS) the fee percentage only comes into play for assessing compensation events where they are being assessed using defined costs. Fee is deemed to be included within elements on the Price List (TSC) and activity schedule (ECC).