Contract Administration Flashcards
1
Q
JCT
A
Made between employer and contractor
Building project only
Standard set of clauses
Relevant Events
2
Q
NEC
A
New Engineering Contract
Building and civil engineering projects
Can be edited to a number of bespoke contracts
Compensation Events
3
Q
Letter of Intent
A
Instructing the contractor to proceed with the works before the main contract has been agreed.
4
Q
Advantages of NEC
A
Flexibility - Adaptable forms of contract
All Disciplines - building and civil
Written in plain English
5
Q
Advantages of JCT
A
Standardisation over common issues
6
Q
What is a compensation event
A
Events that do not rise from a contractors fault and can be compensated in the form of additional time and money. Access to site PM Stops work Force Majure Adverse weather
7
Q
Early Warning Notices
A
NEC
Notices issued that could affect completion and the cost of the project.
