The next evolution of the NEC series: NEC4. NEC4 is being increasingly utilised by contracting parties for all types of construction projects, though NEC3 remains relevant and is still used in projects across the UK.
While NEC4 has retained many of the unique features of NEC contracts, important changes have been made that contract users need to be aware of. We are seeking to highlight common issues and difficulties that we see parties having within the NEC contracts, particularly in relation to the compensation events.
Agenda:
1. Provide an introduction to NEC4 contracts (and discuss the key changes from NEC3;
2. Discuss the administration of NEC4 contracts, and provide practical advice on how to avoid common contractual administration pitfalls; and
3. Consider compensation events in more detail, which continue to be the most contentious element of NEC contracts.
