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Pricing NEC Contracts & Managing Risk
November 5, 2020
Pricing NEC Contract and Managing Risk Workshop
The workshop details are:
Speaker: Glenn Hide of GMH Planning
Location: Online via Microsoft Teams
Summary: 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.
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
Attendees of this workshop will have a much clearer practical understanding of the tender processes and what considerations the Client should make in putting together a tender, and what considerations the Contractor should make when pricing a tender, as well as understanding and managing risk allocation throughout the life of a project.
This is a full day workshop which will begin promptly at 0900 and run through until 1600 with appropriate tea/coffee and lunch breaks. A maximum number of 33 delegates can be accommodated at each event.
How to Book
The workshop is available at a cost of £65 + VAT per delegate and is being offered on a “first come, first paid” basis. Should you wish to reserve a space, please contact Glenda Douglas firstname.lastname@example.org with details of a telephone number where you can be reached and we will then be in touch to take your payment and confirm your space.