Engineering and Construction Contract

Option E: Cost Reimbursable Contract

By: NEC Contracts

Publisher: Unknown
Published: 2006
Language: Unknown
Format: BOOK
Pages: N/A
ISBN: 9780727733825

AI Overview

The book "Engineering and Construction Contract" by NEC Contracts is part of the New Engineering Contract (NEC) suite, which is a set of formalized contracts designed by the UK Institution of Civil Engineers. Here is a comprehensive overview of the book, including key themes, plot summary, and critical reception:

Key Themes

  1. Collaborative Approach: The NEC contracts emphasize a collaborative approach between parties, relying on good working relationships to facilitate successful project management and procurement.

  2. Flexibility: The contracts are designed to be flexible, allowing them to work in a range of commercial situations. This flexibility is crucial for adapting to the diverse needs of various projects.

  3. Clear Language and Structure: The NEC contracts use clear and easily understood language and structure, making them accessible to a wide range of industry professionals.

  4. Contract Strategy and Procedures: The book provides detailed advice on contract strategy and outlines the main clauses and procedures of the Engineering and Construction Contract (ECC). It discusses the experience of users from all parts of the industry and the necessary changes for effective and efficient operation.

  5. Risk Management and Compensation Events: The book covers topics such as risk assurances, testing and defects, payments, and compensation events, which are critical components of the NEC4 Engineering and Construction Contract.

Plot Summary

The book "The NEC Engineering and Construction Contract: A User's Guide" provides an essential guide for the successful operation of a contract let under the NEC Engineering and Construction Contract (ECC). It includes a brief history of the development of the NEC family of contracts and detailed advice on contract strategy. The book takes readers through the changes necessary for the effective and efficient operation of the ECC, including an outline of the main clauses and procedures.

The "The NEC4 Engineering and Construction Contract: A Commentary" offers in-depth chapters covering everything from main options and secondary option clauses to risk assurances and NEC4 family contracts. It examines the new contract clause by clause and compares it with the previous edition, providing a detailed commentary on the latest edition of the main NEC4 Engineering and Construction Contract.

Critical Reception

The NEC contracts have generally received positive reviews for their clarity, flexibility, and collaborative approach. The "The NEC4 Engineering and Construction Contract: A Commentary" is written by a highly regarded contracts commentator, experienced arbitrator, and adjudicator, which adds to its credibility and usefulness for construction industry professionals.

The "The NEC Engineering and Construction Contract: A User's Guide" is also well-regarded for its comprehensive coverage of the ECC, providing essential guidance for users. It is recognized for its detailed advice on contract strategy and its discussion of user experiences, making it a valuable resource for those working with the NEC ECC.

Overall, the NEC Engineering and Construction Contract books are highly regarded for their practical guidance and detailed analysis, making them essential resources for construction industry professionals.