Getting Paid Under NEC3 – A Practical Approach

Module Ref: A6a

Duration: 1/2 day

Delegates who wish to attend this workshop should either have attended an A6 New Engineering Contract course or is currently or was previously fulfilling the role of project QS or similar where the NEC3 Engineering and Construction Contract is in use.

Aims

To understand the duties of the contractor before correct payments can be secured. To know what appropriate commercial information and notification is required. To appreciate the use of contract date and schedules of cost components.

Coverage

• Interim payments
• Financial management of early earnings and compensation event notices
• Sufficiency of valuation
• Correct data usage
• Essential record keeping
• Assessment and implementation
• Correct and timely notifications and submissions

Teaching Outcomes

At the end of the workshop, delegates should understand:

• Payment roles and responsibilities of the contractor and project manager
• The differing payment mechanisms for the Main Options A-E
• Important NEC3 ECC clauses relating to early warnings, compensation events, risk register, submissions and communications
• How to apply NEC3 ECC in practice to avoid interim under-payments

This course is recommended for all involved in securing payment under NEC3 ECC, particularly contractors and their supply chain.

Register your interest in this course.