Changes to the engineering and construction contract Part 2

NEC4: The good, the bad, and the ugly
Part 2: Engineering & construction contract clause changes webinar
Tuesday 21 November 2017
APM Contracts and Procurement Specific Interest Group (SIG)
presented by Dr Jon Broome
hosted by John Lake
APM Contracts and Procurement SIG previous Chair and Chair respectively
The link to the write up page and resources of this webinar:
www.apm.org.uk/news/nec4-the-...
Content description:
The NEC4 family of contract was completely updated in July this year. The second of this two part webinar series was published as an independent review highlighting the (mainly) good, the bad and ugly changes in the engineering & construction contract clause changes. Many are replicated in other members of the contract family, with a focus on the payment, programme, early warning and compensation event clauses.
The NEC family of contracts is now not just used widely in the civil engineering and construction industries, but also the power, water; oil & gas; IT and consultancy sectors both in the UK and abroad.
It’s original objectives were, compared with existing contract forms, to:
- be more flexible in terms of what it can be used for and the contract strategies that can be adopted;
- have greater clarity and simplicity, so that it is easier to understand and use; and
- stimulate good project management.