NEC4: The Good, The Bad & The Ugly (May)
The NEC4 family of contract was completely updated in July 2017 and has since been subject to a fair amount of superficial review. This day session will go deeper with a specific focus on what this means for contractors bidding and managing NEC4 contracts. It will highlight the (mainly) good, the bad and ugly changes in the update and the risks and opportunities for contractors when bidding and managing any NEC4 contract. While it will focus on the Engineering and Construction Contract, many of the changes made in this contract are reflected in the other contracts.
- a quick introduction to the NEC family's background and original objectives
- the objectives for the NEC4 update
- new additions to the family and changes to the names
- alterations and changes to main payment options
- changes made to the secondary option clauses, including the dispute options;
- the payment clauses, including the new final account provisions;
- changes to the programme, early warning and compensation event clauses
- the simplified Schedule of Cost Components
- what all this means when bidding for and managing an NEC4 contract.
Where relevant, changes to the Engineering and Construction Short Contract will also be briefly highlighted.
A number of review points will be built into the day so that participants can reflect on what the changes mean to them.
The course is suitable for those with a reasonable knowledge of NEC3 and is not designed for NEC newbies !
- Course Presenter
Dr Jon Broome has been involved in the NEC’s development since 1993 when he started the world’s first PhD on it under one it’s co-instigators. While he was not involved in NEC4’s development – which allows him to be brutally honest in his assessment -
- his contribution to NEC’s development was acknowledged in the second and third editions,
- he has authored the top selling and Amazon rated book on it,
- is co-author of the only independent eLearning on it,
- has given over 1,000 days of training on all aspects of it, including many days with CEF-NI and,
- he had numerous consultancy assignment from ‘front-end’ contract strategy and drafting projects to ‘tail-end’ dispute and expert witness assignments.
While an enthusiast for the form, he is not blind to its deficiencies.
Cancellations made within 7 working days of the course/seminar start date are subject to a 50% cancellation fee. Cancellations made within 5 working days are subject to a 100% cancellation fee. All cancellations must be notified to Construction Federation Services in writing. Email notifications are acceptable. A telephone message is not sufficient as a notice to cancel. Delegate substitutions are welcome. If delegates do not attend a course/seminar without giving a notice of cancellation within the appropriate timeframe, no refund will be given.