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NEC3 Contracts: Principles and Processes

Identify the purpose, function and structure of the contract, and review common clauses that can lead to disputes and their potential remedies.

One-day course

Date:
Tue 26 Feb 2019
Time:
09:30 AM - 05:00 PM
Venue:
RICS, Parliament Square , London, SW1P 3AD
CPD:
6 hours formal CPD
From
£283.5 + VAT

Overview

The suite of NEC suite of contracts are widely used both domestically and internationally. Each contract in the suite has its own specific function depending on the project and it is therefore essential to know when, why and how to use the contracts.

Case studies and examples will form the basis of a courses that will enable you to identify the purpose, function and structure of the contract, and review common clauses that can lead to disputes and their potential remedies.

Learning Outcomes

  • Understand the broad principles of the NEC contract suite
  • Understand the core principles in administration of the contract
  • Avoid common pitfalls and manage risks
  • Know the issues around timescales and sanctions
  • Understand the importance of the programme in NEC
  • Understand the approach to risk management NEC
  • Recognise the NEC3 suite and NEC4 updates

Competencies

  • Contract Administration
  • Contract Practice

Who should attend

All professionals who are involved in the use of NEC3 Contracts, Surveyors, project managers, contractors (such as Main contractors, Commercial managers, Sub contract surveyors) and developers

Programme

Introduction to the NEC Suite of Contracts

  • Brief introduction to NEC3 and its history and aims
  • Key differences from GC/Works, JCT etc
  • NEC and its modular contract structure

How to successfully administer the NEC Contract

  • The Early Warning Process (followed by work group activities)
  • The Accepted Programme (followed by a worked example of the concept of float)
  • The Compensation Event Process (followed by work group activities) 
    Money, Resources and securing entitlement (followed by work group activity)

Things to look out for

  • Identification of any particularly onerous or otherwise noteworthy clauses, and also common pitfalls
  • Suggested amendments

Professional Services Contract and Term Service Contract

  • Brief overview

Conclusion

  • Overview of the day

Feedback

Essential

Russ Cairns, GVA on 03/01/2018

"Very useful and informative, highlighting the benefits and pitfalls of NEC. Essential for anyone embarking on NEC for the first time."

Price

  • RICS professionals Standard £315 + VAT
  • Early Bird - 10% Off Feb course - Book before 15 Jan £283.5 + VAT
  • Non-RICS professionals Standard £405 + VAT
  • Early Bird - 10% Off Feb course - Book before 15 Jan £364.5 + VAT
  • Visa

  • Mastercard

Have training delivered In-House

Call +44(0)24 7686 8584

Find out more about getting this course delivered in-house for your team, tailored to your business requirements and at a location to suit you.

Contact the In-House team

Need help? Call us on +44 (0)24 7686 8584

From
£283.5 + VAT