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What is “TCC”?

TCC
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What is “TCC”?

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TCC stands for the Total Construction Cost value of a project. The TCC normally includes all committed and forecast costs associated with the building and related site works components of a project. The TCC is usually the figure against which tender prices are compared. It includes all of the measured elements and allowances referred above (see What is a Cost Plan) including preliminaries and contingencies. The difference between TCC and TEC is that TCC does not include costs associated with equipment, fees and escalation.

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