Following the March 2017 announcement by the NEC, it has been confirmed that the future of NEC has been reshaped with the introduction of NEC4. NEC has listened to the extensive feedback from the industry and made the necessary changes to align commercial intentions with workability and operational delivery. In addition, they have added a number…
DetailsNEC3 – Option C – Target Cost with Activity Schedule ‘The NEC Option C is a target cost contract with activity schedule where the out-turn financial risks are shared between the client and the contractor in an agreed proportion.’ NEC. Target cost contracts can be beneficial where the scope of work is not fully defined or…
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Van Oord UK Ltd & Anr v Allseas UK Ltd [2015] EWHC 3074 (TCC) In the case of Van Oord and Allseas the Claimants (OSR) made a number of disruption and prolongation claims against the defendant (AS UK) which arose on a project which included the laying of a gas export pipeline in the Shetland…
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2016 Legislation Updates Reviewed There were several UK legislation updates impacting construction in 2016 and we wanted to recap on the key issues: CIS Compliance – The Test The compliance test for subcontractors to receive payments gross under the construction industry scheme (CIS) has changed in a bid to improve the operation and reduce the compliance…
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The eternal student… That’s us… Yes, it’s true, we’re always learning. New contracts, case law, legislation updates; we just can’t get enough (yes really) and it really has been the key to our team’s professional success. But what about you and your company? Do you put (hide!) contracts in a deep dark draw; hoping they will never need to see the…
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