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The NEC3 ECC contract in practice

The NEC3 ECC contract in practice

Payment and risk allocation under the main pricing options and pitfalls in the payment process

Reservations

In this session we will consider the risk allocation implicit in the choice of payment structure and some of the peculiarities of the payment provisions that both contractors and project managers should be aware of.

We will explain the relevance of the pricing documents and the importance of understanding 'Defined Cost', 'Disallowed Cost' and the 'Fee'.

We will review the payment provisions and the importance of understanding and operating the payment cycle properly.

For this event we will be joined by John Jones of Hill Internation, an expert quantity surveyor and dispute resolution practitioner.

This seminar will be suitable for employers, their project managers and contractors who are commissioning of delivering projects under NEC3 ECC contracts or considering its use.