The NEC or the New Engineering Contract is a structured set of contracts designed in such a manner to manage a project such as a civil or construction engineering project, from the foundation to the completion phase. These contracts are discussed and recorded in plain English, with an easy-to-understand framework. For an agreement to be…
Download the Project Manager Instruction NEC file here.
So What Constitutes ‘Practical Completion’?
The answer really depends upon the form of contract under which the works are being delivered. However, the general understanding across the industry is that Practical Completion (or ‘PC’ as it is also known) marks the end of the Substantive Works and the commencement of the defects liability period.
As most Contractors are aware, the construction industry is a challenging market sector in which it really is quite simple to lose money. With the collapse of Carillion and harsh market conditions in 2018, 780 companies fell into insolvency in the first quarter alone [1]. In a bid to provide certainty, in this blog we…
Contracting Parties – Who are you contracting with? – Are you sure? (Read on…) The Scenario: The parties are engaged and the project is going well until unexpected ground conditions pose a risk to the design. Consequently; an independent third-party designer is engaged and contracted to provide a solution. Sounds straightforward right? Wrong… Introducing the…