NEC3 Introduction to the ECC for Estimators
- Participants gain understanding of NEC3 contracts' objectives: Flexibility, Clarity, and Stimulus to project management.
- Risk allocation under main and secondary options, including Activity Schedule assembly.
- Change management process overview and associated timescales.
- Appreciation of contract programming requirements and implications.
- Thresholds for compensation events assessment in terms of time and cost.
Overview
This course aims to provide participants with a comprehensive understanding of the NEC3 family of contracts, focusing on achieving flexibility, clarity, and simplicity, as well as stimulating good project management. The objectives include understanding risk allocation, change management processes, programming requirements, compensation event thresholds, and the evaluation of Contract Data. The agenda covers various aspects of the NEC contract, with practical exercises included. The course duration is one day.
Who should attend
Estimators
Course Content
Objectives :At the end of the day, participants should :
- Have a general understanding of how the NEC3 family of contracts achieves its 3 principal objectives of : Flexibility, Clarity & simplicity and Stimulus to good project management
- Understand the risk allocation under main and secondary options, including how to assemble an Activity Schedule.
- Have an overview of the change management process & timescales
- Appreciate the programming requirements of the contract and their implications
- Know what the thresholds are for compensation events and how they are assessed in terms of time & cost (including ‘who owns the float’)
- Understand what the data put forward by the Employer in Contract Data part 1 means
- Know the structure of the Schedule of Cost Components & how Employers evaluate it, so that they can put in competitive percentages and rates in Contract Data Part 2.
Outline Agenda :
- NEC Overview
- The main payment options & what they mean for risk allocation & running the contract. Assembling an Activity Schedule. Exercise.
- A Quick Run through the Structure of the Contract, inc exerciseon who’s design has precedence
- Change Management Overview
- Time & the Accepted Programme.
- Compensation events : definitions, , timescales and evaluation exercise.
- Contract Data part 1
- The Schedule of Cost Components and how Employer’s assess it.
- Filling in Contract Data Part 2
Duration:1 Day
Cost:£245 + VAT
NEC3 Estimators Training Scotland, Aberdeen, Glasgow, Inverness, Edinburgh, Fife and other sites throughout the UK including onsite closed company courses are available.
NEC3 Estimators Training Nigeria, Bahrain, Kuwait, Qatar, Abu Dhabi, Dubai, Saudi Arabia, South Africa, India and Ghana is also available
