An Introduction To Nec Contracts

Giving you a head start in NEC commercial understanding

What you'll learn
Suite of contracts available
NEC Core Clauses
Definition and application of Early Warnings and Compensation Events
Difference between NEC main options
Optional clauses
Disallowed cost
Dispute resolution process
NEC3 vs NEC4
NEC vs JCT
Requirements
No prior QS Experience required
Description
The New Engineering Contract (NEC). provides suites of standard forms of procurement processes and main contracts in construction. The first edition of these contracts fell under the umbrella name “NEC” in 1993. Subsequently is evolved into “NEC 2” in 1995, “NEC3” in 2005 and most recently “NEC 4” in 2017. NEC aims to fill some of the gaps found in prior used contracts by emphasising a collaborative approach to project stakeholders.  This course provides with you with a compact review of the NEC Contract. This includes a look into the core clauses, main option clauses, early warning & compensation events, dispute resolution, disallowed cost and the changes made in NEC4. You'll leave with an increased confidence and understanding of the most used infrastructure contract in the world.Here at Metroun we break down complex commercial topics into short easy-to-understand videos. This course features an array of animated videos breaking down the fundamentals of NEC contracts. Each section includes a mini-test to solidify your knowledge and help you leave this course with both understanding and confidence surrounding NEC contracts.This course is suitable for anyone, whether you're and experienced Quantity Surveyor or layman. We look forward to welcoming you to our selection of courses. These can be found on our profile page. DISCLAIMER By participating in this Udemy course you agree to comply with the following terms: The information contained within this Udemy course is provided for general information purposes only. It does not claim to be or intend to be legal or professional advice and shall not be relied upon as such. The person or persons in this course do not accept any responsibility for any losses which may arise from accessing or relying on the information in this course and to the fullest extent possible permitted by law we exclude all liability for loss and/or damages direct or indirect arising from the use of this course and/or the information contained within it.

Overview

Section 1: Introduction

Lecture 1 Introduction

Section 2: NEC Contracts

Lecture 2 Different types of NEC contracts available

Lecture 3 NEC Core Clauses Explained

Lecture 4 Main Options Explained

Lecture 5 Disallowed Cost Explained

Section 3: Change Management

Lecture 6 Early Warnings

Lecture 7 Compensation Events

Section 4: Optional Clauses

Lecture 8 X Clauses Explained

Lecture 9 Y Clauses Explained

Lecture 10 Z Clauses Explained

Lecture 11 W Clauses Explained

Section 5: NEC3 vs NEC4: Changes Explained

Lecture 12 NEC3 vs NEC4: What has changed?

Section 6: Bonus section: NEC vs JCT

Lecture 13 NEC vs JCT: Differences & Similarities

Construction professionals who want to understand the NEC