NEC and Risk Management with Richard Patterson

NEC and Risk Management with Richard Patterson

NEC contracts: best practice tools for risk allocation and management
 
BY RICHARD PATTERSON, BA(Cantab), MBA, CEng, MICE, procurement and NEC specialist, Mott MacDonald

NEC contracts provide an ideal basis to allow and encourage appropriate risk allocation and risk management through all stages of any project or service provision. This paper explains how NEC contracts can
•    reflect the particular risk allocation intended by the parties to the contract, and
•    help the parties manage risk after the award of the contract. 
Partly because they are good for risk management, NEC contracts have anecdotally helped avoid disputes. 

This paper includes an update of one published in November 2008  to include for the effect of NEC4 that was published in 2017. The fundamental NEC principles are not affected but ECC4 changes some language and clause numbers. NEC has also been drafted to be ‘gender neutral’ and that principle has been carried through into this paper.

Read the full article here

Recent Projects

Recent news

How NEC contracts can help us to achieve net zero carbon emissions

How NEC contracts can help us to achieve net zero carbon emissions

Recent record-breaking temperatures in the UK and across the world have reminded us, yet again, of the impact of climate change on our ability to function as a society and economy.

Read more
NEC adopted for £2.8 billion of reconstruction works in Peru

NEC adopted for £2.8 billion of reconstruction works in Peru

NEC contracts are being used to procure £2.8 billion of infrastructure reconstruction in Peru following significant flood and landslide damage caused during the 2017 El Niño climate oscillation.

Read more
New cinema and retail building delivered in Nottinghamshire, UK with NEC4 ECC

New cinema and retail building delivered in Nottinghamshire, UK with NEC4 ECC

NEC has been used to procure a key part of a major town-centre regeneration project in Nottinghamshire, UK.

Read more
View all news