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NEC - Powerpoint introduction to the contract
1.
2. 1) NEC 4 – CONTRACT INFO & HISTORY
• JUNE 2017 – REPLACED NEC3
• FIRST ONE PUBLISHED IN 1993
• NEC2 – LAUNCHED 1995
• AIMS TO PREVENT COSTLY
DISPUTES
• IMPROVEMENTS IN FLEXIBILITY,
CLARITY AND EASE OF ADMIN
• NEC4 6 OPTIONS – A/F (PROJECT
SPECIFIC)
3. 2) REFLECT ON WHY?
• A contract on a construction project sets
forth the parties' obligations to each other
and determines how risks will be shared or
divided on the project.
• Saves time on money and disputes in future
• Definition of work requirements – no
ambiguity
• Legally binding – agreement between parties
• Work scope / work spec
• Dispute avoidance
• Litigation avoidance
• Early Warning – PC/CLIENT
• User Friendly
• Promotes Partnerships & Collaboration
4. 3) Key Elements
• 3 Fundamentals – Clarity / Flexibility / Good Management
• Payment Terms
• Specification
• Roles and Responsibilities
• Compensation Events
• HSE
• Liquidated Damages
• Variation Against Scope of Works
5. 4) Fun Fact
• Outside the UK, the Hong Kong government adopted NEC as the
standard contract suite for its £7 billion a year public-sector works
programme from 2015.
