An Introduction To Nec Contracts
Published 6/2022
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz
Language: English | Size: 597.09 MB | Duration: 0h 38m

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
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