Summary
This course focuses on the commercial aspects of managing the NEC4 Engineering and Construction Contract. The course includes practical scenarios with solutions on how to best manage the NEC4 Engineering and Construction Contract to achieve successful project outcomes.
Format and programme
Virtual classroom: one day or as 5 separate modules each lasting 90 minutes.
Face to Face classroom: one day
Course skill level
Intermediate/advanced
Who is the training for?
The training is suitable for anyone involved in the commercial management of an ECC contract. The training will be of value to persons acting in a lead commercial role and those that are assisting in supporting roles. Those that will benefit from the training include:
- Clients
- NEC Project Managers
- Contractors
- Quantity Surveyors
- Commercial Managers
- Estimators
What will you learn?
The training will enable all those with a commercial role in managing the ECC to improve their understanding of its key obligations and procedures. Participants will learn how the contract should be managed with regard to payment and assessing compensation events. Participants should become more effective in their use and application of the contract and gain confidence in performing their role as Client, Project Manager or Contractor.
Main topics covered
- Structure of the ECC contract
- ECC Contract Main Options
- Secondary X and Y Options
- Identified and defined terms
- Subcontractors
- Contract Data
- Early warnings
- Allocation of risk
- Payment – application & assessment of the amount due
- Price for Work Done to Date
- Defined Cost and the Fee
- Delay damages
- Schedule & Short Schedule of Cost Components
- Disallowed Cost
- Compensation events – notification, quotations and assessment
- Value Engineering
- Liability and Insurance
- Acceleration
- Defects – uncorrected and acceptance
- Retention
- Forecasts and reporting
- Final assessment
CPD Points
6 hours
If you would like to talk to us about this course please phone, email or get in touch via this website.