Course
Fundamentals of NEC Contracts
Commercial and Contractual Knowledge
$399.00
Group Bookings
Summary
This course focuses on one of the most popular forms of contract, the NEC. You will gain a clear understanding of NEC contracts and how to best utilise them in your organisation.
This is a course on NEC contracts, which are essential in Construction and are known for promoting best practices in project management, procurement, and legal relationships. The course covers all forms of NEC, from contract creation to payment options, risk management, and compensation events. By the end of the course, you will have a clear understanding of the different forms of NEC, the major changes between NEC 3 and NEC 4, and the practical skills to apply NEC to your projects successfully.
Event Details
Next Available Dates
1st July 2024 – Fully Booked
22nd October 2024
- Following purchase of a CIOB Academy course the team will email delegates registration links and additional information, 1 week prior to the course start date.
- Accessing the live webinar sessions during the course require delegates to register using teams
Accordion Closed
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Objectives
By the end of the course you will be able to:
- Recognise the different NEC forms of contract supply service and works
- Identify the differences between NEC 3 and NEC 4
- Select the best option having recognised the risk associated with the different options
- Complete the relevant parts of Contract Data
- Appreciate the Risk Management aspects of NEC
- Apply payment mechanisms and draft payment notices
- Manage Compensation Event mechanisms
Contents
The course will cover:
- What is an NEC Contract and the many forms inside the suite
- the modular approach to creating an NEC contract
- The different payment options and secondary options available
- Completing the Contract Data
- Communicate under NEC
- Risk Management and Early Warning / Risk Reduction Meeting
- The payment mechanisms
- Managing Compensation Events
Suitability
The course will be of value to construction professionals from Small, medium and large contractors and subcontractors who are involved with NEC forms of Contract or will be involved.
Assessment
There is no assessment, you will receive a certificate of completion following the course.
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