The NEC3 requires a pro-active approach and more administration hours than the 'traditional' forms of building contract, such as the JCT or ICE. But it can save time and cost if things go wrong.
NEC3 contracts encourage collaboration between the employer, project manager and contractors. This offers a proactive approach to issues and problems that may arise.
If the NEC3 is used correctly, there should be no storing up claims until after the works are completed – matters should be dealt with as they arise.
RICS standards and guidance
- RICS property measurement
- UK commercial real estate agency
- New rules of measurement
- QS and construction standards
- Residential property standards
- Valuation standards
- List of RICS standards and guidance
- RICS standards and guidance archive
- How to use NEC3
- Main option clause
- Key documents
- Programme and progress
- Compensation events and early warning
- Delay damages and defects
- Secondary option clauses
- Major projects