Trowers & Hamlins

Sign up

Home » Resources » Events » The NEC3 ECC contract in practice -  Compensation events: process and valuation

The NEC3 ECC contract in practice -  Compensation events: process and valuation

The NEC3 ECC contract in practice -  Compensation events: process and valuation

Reservations

A breakfast event to develop your understanding of contracting under this form of contract.

The NEC3 Engineering and Construction Contract is increasingly being used in both domestic and international projects. New drafting has been released to permit early contractor involvement and to provide guidance on BIM. The contract’s distinctive approach to active risk management and its 'user friendly' pick and mix structure continue to attract new users, yet that pick and mix approach can be deceptive. To successfully deliver projects requires an in depth understanding of the contract and the implications of the selections made. Too often in practice the contract is not properly applied or understood. The mistakes can be costly.

Trowers and Hamlins' team has advised on numerous headline projects procured under the NEC, including T5 Heathrow, CTRL, London Underground, the Eden Project, the Highways Agency and the Olympics. We advise on specific projects or integrating NEC contracts into frameworks, alliances and other procurement strategies. We have represented clients in numerous disputes under NEC3 ECC, in arbitration, before the courts and in adjudication.

This event will be held in our Exeter office, The Senate, Southernhay Gardens, Exeter, EX1 1UG, with the registration from 8:30am for a 9:00am start. It will be suitable for employers, their project managers and contractors who are commissioning or delivering projects under NEC3 ECC contracts or considering its use.

This seminar will consider; the importance of correctly following the process, including avoiding time bars, the relevance of Defined Cost and the Schedules of Costs Components to the process of valuation, and finally how to fully realise the benefits of the contract procedures and avoid disputes.