NEC3 has become an increasingly familiar contract form in the construction industry and is being increasingly used by contracting parties for all types of construction projects. The NEC3 suite of contracts was updated in June 2017 to become NEC4. Whilst this is an evolution of the NEC series, and many of the unique features of NEC contracts have been retained, important changes have been made which contract users need to be aware of.
This webinar series give participants an understanding of the updated NEC4 form of contract. Our speakers consider the background and philosophy of the NEC form; the key changes found in NEC4; and best practice and recent case law.
The first webinar in this series covers the development of the NEC contract and recaps the NEC principles and distinguishing features; comparing those to other standard form contracts.