Understanding NEC Contracts - Virtual Classroom

This is a detailed one-day course which gives an overview of the different types of contracts available within the NEC4 suite of contracts. The session will also identify the differences from NEC3 which whilst many attendees may still be using they will be switching to NEC4 for future projects. The NEC4 contracts are described as “evolution rather than revolution” so they are mostly subtle changes or enhancements from the NEC3 contract wording. The workshop explores in specific detail the Engineering and Construction Contract (ECC) which is the most commonly used form within the suite for managing a construction contract, which includes many of the core clauses which are common to the whole suite.

The course reviews the various options available within ECC in terms of being a lump sum contract, target cost or a cost reimbursable type contract as well as looking in detail at the intricacies of understanding and administering the contract for the benefit of all involved in running a project. Whilst the contract is written such that it should be easy to use and understand, it is different culturally from other forms of contract and parties can get into difficulties if they do not understand or administer the contract.