NEC3 Procurement and Contract Strategies: A GuidePart 1 - What is NEC? - Outline of NEC - NEC3 contracts - Option structure Part 2 - NEC3 Procurement and Contract Strategies - Traditional approaches - Design and build - Prime contracting - Management contracts - PFI/PPP - Summary Part 3 - Other Procurement Aspects - Partnering - Incentivisation - Key Performance Indicators (KPIs) - Risk management - Supply chain management - Operating, maintenance and compliance periods - Framework contracts - Value management - Novation - Early Contractor Involvement |
Common terms and phrases
bi-party contract bill of quantities CEng Client Contractor Client's objectives compensation event compliance periods Construction Manager Consultant Designer PSC Consultant Supervisor PSC Contract June 2005 contract strategy Contractor's risks Core Group cost reimbursable DBOM Defect design and build drafted ECC Option ECS or ECSS ECSC ECSS Figure ECSS Subcontractor ECS ECSS Supplier ECS family of contracts Framework Contract incentivisation Key Performance Indicators KPIs lump sum main Options management contracting NEC approach NEC contract NEC documents NEC family NEC offers NEC3 Engineering novation one-off projects operating period Option X12 Partnering parties Partner's own contract partnering arrangement period after Completion PFI/PPP prime contracting Procurement and Contract procurement route Project Manager PSC project objectives PSC Contractor ECC PSC Option PSC or TSC PSC Subcontractor ECS risk allocation risk register secondary Option standard NEC Subconsultant Designer PSC Supply chain management target cost contract United Kingdom users value management whole-life