NEC4 Professional Services Contract – Briefing Note One: Defined Cost – Rethinking Business Models

The NEC4 suite of contracts was published on 22 June 2017.

As we outlined in our webinar on 25 July 2017 (available to view here), the changes to the NEC3 Professional Services Contract (the PSC) are significant.

A lot of commentary has focused on the change to the Engineering and Construction Contract (the ECC). The changes to the PSC have gone “under the radar”.

Will Buckby and Andrew Croft will explore these changes in a series of briefing notes, starting with the new approach to valuing payment.  

To read the full note, please click here.