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Meaning of contract target cost (ctc)

 

 

 

Contract Target Cost (CTC)

 

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Business project management glossary

 

Meaning of term contract target cost (ctc) :

 

The negotiated costs for the original definitized contract and all contractual changes that have been definitized, but excluding the estimated cost of any authorized, unpriced changes. The CTC equals the value of the BAC plus management or contingency reserve.

 

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Source : http://files.perevedem.ru/Glossaries/Project%20management/big-group%20(Business%20project%20management%20glossary).doc

 

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