NEC4 - Pricing NEC Contracts/Managing Risk

This one-day workshop is a closer review of the tendering stage of a project, and how then risk is managed throughout the life of a project. It will review the documents that the Client puts into a Contractor’s tender, as well as the considerations that the Contractor should consider when they are preparing their tender return. It is very important that a Contractor understands the risks and obligations that they are signing up to with any new contract and be able to price accordingly. It will consider any elements that are new or different compared to NEC3 contracts that people will have used previously.

The session will consider definition of risk and risk management before looking at the traditional risk registers that often get produced and reviewed generally across construction projects. This will be compared with the Early Warning Register, which is a key aspect within the NEC suite of contracts as to its use and understanding in identifying and managing the risks associated with a project. The session will consider the different ways that risk can be altered throughout the contract and the considerations that the Parties should make when allocating risk or pricing risk accordingly.

• You will learn about:
  The main ECC contract documents that make up a signed contract
  Choice of primary and secondary options and associated pricing document and how they alter Contractor’s risk
  Ways of allocating risk through the different contract documents
  Elements of Contract Data part 1 completed by Client
  Considerations for completing Contract Data part 2 by the Contractor
  Importance of Scope and Site Information
  Compensation events and how they proportion whose risk is what under the contract
  Client’s risk within section 8 of the contract and within Contract Data
  Defined Costs and Disallowed Costs under the contract
  The specific requirements of the early warning process and resultant NEC Risk Register/Early Warning Register, and how it differs from the more traditional project risk registers that are used within the industry.
  How risk can be dealt with differently for individual compensation events

How to Book
These are full day workshops, which will begin promptly at 0900 and run through until 1600 with appropriate tea/coffee and lunch breaks. A maximum number of 35 delegates can be accommodated at each workshop.
Please state your preferred date when booking.

Bookings will be taken on a first come, first served basis and we would initially ask they are restricted to six per member company spread over the twodays. However should you wish additional delegates to attend, please let us know and we shall add their names to a waiting list and be in touch should spaces become available.

Should you wish to reserve a space, please e-mail Robyn@cecascotland.co.uk with the delegates name, email address, job title and preferred date.