NEC3 vs. NEC4 - what's really changed?

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The latest iteration – NEC4 – was published by the Institution of Civil Engineers (ICE) in June 2017. The ICE described NEC4 as an “evolution, not a revolution”, so if you’ve previously used NEC3, the latest version won’t represent a huge learning curve. Enjoy this OnDemand webinar as we are joined by Kirsteen Milne, Legal Director at Brodies LLP, to explore the top 5 changes within NEC4 and how the latest contract iteration compares to NEC3. 

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What's on the agenda?

There is a detailed history of NEC contracts, which is now in it's fourth iteration. The first NEC contract was introduced in 1993.

 

The model was then updated in 1995. Following a decade of extensive use, the third iteration of the model came in 2005.

 

The latest iteration of the model – New Engineering Contract 4 (NEC4)– was published by the ICE in June 2017. The ICE described NEC4 as an “evolution, not a revolution”, so if you’ve previously used NEC3, the latest version won’t represent a huge learning curve. Still, there are several significant changes in NEC4, which it’s important to be aware of.

1

NEC is a comprehensive collection of construction and civil engineering contracts that formed in 1993.

2

NEC4 has been updated in various ways to reflect modern construction practices (including greater reliance on technology) and to accommodate requests from users. 

3

Whether you have no previous experience with NEC contracts, or have worked on projects with NEC3, it’s helpful to understand some of the NEC4 changes.

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Key benefits

Complete visibility and control over project costs and value.

Real-time project performance reporting and forecasting.

Complimentary to your existing finance system.

Fully flexible and configurable to contract specifications.