Navigating NEC4 contracts: a guide for construction contractors
Whether you have no previous experience with NEC contracts or have worked on projects with NEC3, it’s helpful to understand some of the changes in the latest updates. Download this short guide for a detailed background on NEC contracts, a breakdown of NEC3 vs NEC4 and what your options are within the latest iteration.
What's in the guide?
NEC contracts have become increasingly popular for managing construction projects due to their collaborative and preventative approach to disputes. But they come with their own set of challenges for contractors.
NEC3 vs NEC4 - what are the main differences in NEC4?
The ICE described NEC4 as an “evolution, not a revolution”, but there are important changes that you need to be aware of.
NEC4 explained: the terms you really need to know
Although designed with simpler language compared to other contracts, and with the first changes since the NEC3's introduction in 2005, the NEC4 contains these terms that you must familiarise yourself with.
How technology can support the successful NEC4 delivery
If you are working on a project that’s underpinned by an NEC4 contract, you’ll need to make significant efforts to manage how you monitor and forecast your costs to comply with the contract and get paid.