By F. Forward
This sensible publication units out to match the more and more well known NEC family members of contracts with different development ordinary varieties. The NEC in comparison and contrasted will help all degrees of execs keen on procurement within the development to make trained offerings and provides balanced suggestion whilst identifying which agreement to exploit for a specific project.This authoritative publication examines expert prone contracts and building contracts, in addition to contractual preparations for partnering
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Extra resources for The NEC Compared and Contrasted
1. Payment procedures. Variations Any construction contract must include provision for employers, or their representatives, to issue instructions for changes to the work that was included in the original tender. The essential differences between the NEC and FIDIC procedures are the procedures before issuing the instruction and in the valuation of the change. Under the NEC the Contractor submits a quotation, or alternative quotations, for the proposed changes. If the Project Manager accepts the quotation then the Contractor is paid this quotation.
Payment procedures The NEC provides alternative options for different methods of payment such as a target contract or cost reimbursable contract and for the use of either a bill of quantities or an activity schedule. Each option provides a package of sub-clauses that are inserted into the core contract. FIDIC is essentially a remeasured contract, based on a provisional bill of quantities. The method of measurement is required to be in accordance with the bill of quantities ‘or other applicable Schedules’.
2. Unexpected situation procedures. Conclusions Any standard conditions of contract may need to be modified when used for an international project. A requirement for changes or additional provisions may result from a number of different causes, such as: • • • • • a requirement of the applicable law a statutory regulation which applies to the project a requirement of the bank or finance authority who are funding the project a custom or procedure which is generally adopted in the country of the project a preference of the employer.