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The NEC contracts now form a suite of contracts, with NEC being the brand name for the "family" of contracts. [16] When it was first launched in 1993, it was simply the "New Engineering Contract". This specific contract has been renamed the "Engineering and Construction Contract" which is the main contract used for any construction based project.
This also helped to prevent losses to contractors in instances when projects did not progress to construction, under unpaid ECI contracts clients had faced claims for compensation from contractors in these cases. [2] An ECI option was introduced into the popular NEC Engineering and Construction Contract suite of contracts in December 2015. [10]
There are three types of traditional procurement route used in the construction industry: Lump-sum contracts; Re-measurable contracts; Cost reimbursement; The traditional procurement method is the most common construction delivery method. This process begins with an owner selecting an architect to prepare construction documents.
The contract was billed as the world's first contract specifically aimed at the management of time in complex construction and engineering projects. [2] The authors also stated that it was the first form to follow the Society of Construction Law Delay and Disruption Protocol, [ 3 ] and that it was also the first standard form contract to cater ...
The form of contract most favoured by public bodies is the NEC contract suite. [ 9 ] In the UK, specific requirements relating to payments and adjudication provisions were introduced by the Housing Grants, Construction and Regeneration Act 1996 , [ 10 ] and were subsequently amended in Part 8 of the Local Democracy, Economic Development and ...
This form of contract is covered by the FIDIC (International Federation of Consulting Engineers) Silver Book [2] containing the title words EPC/turnkey. The initials EPCM are also encountered frequently on international projects, but this is very different from EPC. EPCM is a services-only contract, under which the contractor performs ...