NEC issues NEC4 Practice Note
NEC has issued a free Practice Note for assessing delays due to compensation events.
The Practice Note has been prepared for use on the NEC4 Engineering and Construction Contract and the approach should be followed on other NEC4 Contracts.
Assessing delays to Completion Dates and Key Dates due to a compensation event can be a complex area where differing practices are emerging, and this Practice Note has been drafted to assist users in this particular area in practical usage of the contracts.
This Practice Note has been prepared by Peter Higgins, Matthew Garratt, Ian Heaphy and David Morrice.
This has been updated, the version is available via button below.
Dealing with multiple currencies in NEC4 contracts using Option X3
Under Option X3, NEC users need to ensure the contract facilitates use of the latest exchange rates and be aware that a specified person certifies payments.
NEC contracts used to deliver sustainable waste depot in West Yorkshire, UK
A major ‘green’ headquarters building has been delivered on a brownfield site in West Yorkshire, UK using NEC.
NEC4 ECC January 2023 amendments allow home workers to be a defined cost
This article sets out the background and how clients and contractors might use the ‘Working Areas’ part of the contract.