On Thursday, 22 June 2017, at the NEC Users’ Group Annual Seminar 2017, the NEC launched the NEC4 suite of contracts.
The NEC4 suite is the biggest overhaul of the NEC forms since they were launched in the early 1990s, and include key changes and improvements to the terms of the existing contracts as well as three entirely new forms (the Alliance Contract, the Design Build and Operate Contract and Professional Services Subcontract).
Given the wide use of the NEC forms (which are increasingly the standard contracts of choice in the key infrastructure sectors), this is a “big deal” for the industry.
View our webinar below where Tom Pemberton (Partner) and James Vernon (Partner) provide an update on the key changes.
Please click here for a copy of the webinar slides.