Attitudes towards shared, proactive and flexible management of risk on built environment projects have changed so far beyond recognition that procurement practices must evolve, according to contract experts set to hold a free webinar for more than 1,500 industry leaders next week.
The NEC team will be hosting this free webinar on Wednesday, April 5th at 1pm entitled Revealing NEC4.
The webinar will cover why NEC4 was developed, key changes and features of NEC4 as well as the new contracts in the suite. It will be led by Peter Higgins, Chair of the NEC4 Contract Board and the driving force behind the NEC4 drafting process, and Ian Heaphy, NEC Consultant and member of the NEC4 Contract Board, who has been greatly involved in the drafting and development of the suite.
To join the Revealing NEC4 webinar, visit www.neccontract.com/NEC4-Products/NEC4-Webinars/Revealing-NEC4
The webinar follows last week’s publication of the NEC4: The Next Generation; An Explanation of Changes and Benefits white paper by the NEC team, already downloaded more than 1,000 times.
With the NEC4 contract suite to be made available for the very first time at the largest ever gathering of the NEC Users’ Group Annual Seminar on June 22nd, the white paper report explores the key differences between NEC4 and its predecessor NEC3 as well as the ever-changing industry trends and requirements that have shaped it.
Lucy O’Connor, NEC Contracts Marketing Manager, commented: “We’ve been thrilled by the outstanding interest in both our white paper outlining the key changes between NEC4 and NEC3 and are hugely excited to be hosting our most anticipated webinar next week.
“At its core, NEC4 supports the on-going drive for further collaboration and integration of teams, use of modern work methods, to avoid disputes, and to identify and manage both risk and opportunity for a successful outcome.
“NEC4 has been built from user feedback and has been specially designed to support innovation through digital advances and encourage collaboration across the world. As the construction industry has innovated and improved, leaving behind a historical reliance upon traditional methods of procurement and limited forms of contract, step change improvements in the way projects and work programmes are procured and delivered have made an immeasurable difference.”
NEC4’s new forms of contracts:
Design, Build and Operate Contract (DBO) - allows clients to procure a more integrated whole-life delivery solution. The benefit of DBO is that it combines responsibility for usually disparate functions – design, construction, operation and/or maintenance, procured from a single supplier.
Alliance Contract (ALC) - to be published initially in consultation form, fully integrates the delivery team for large complex projects. It suits clients who wish to enter into a single collaborative contract with a number of participants in order to deliver a project or programme of work. The basis of the contract will be that all parties work together in achieving client objectives, and share in the risks and benefits of doing so.
NEC4 Key Changes also include, for example, a new secondary ECC option specifically to support the use of BIM and a new a core clause which allows either party to transfer the benefit or any rights under the contract to another party - introduced to keep step with client demands, and to avoid the need for Z-clause amendments.
For full details download the NEC4: The Next Generation; An Explanation of Changes and Benefits report here www.neccontract.com/NEC4-Products/NEC4-Contracts/NEC4-Free-resources
NEC4 will be officially made available to purchase following the June 22nd NEC Annual Users’ Group Seminar, to be held at the etc. venues, County Hall, London. For registration details visit www.neccontract.com/UGSeminar17.
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