Part 9 : Stimulus to Good project Management

TAGS: Accepted Programme, Compensation Events, Early Warnings, NEC, NEC3, Payment, Project Management

This video gives an overview of the Stimulus to Good Management objective and why it matters.

Related Videos

Part 1 : Introduction to the NEC3

TAGS: NEC, NEC3

This video provides an overview of the NEC3 families objectives.

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Part 2 : Flexibility and the Family of Contracts

TAGS: Contract Strategy/Flexibility, NEC, NEC3

This video gives an overview of the whole NEC3 family of contracts

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Part 4 : Flexibility and Contractor design

TAGS: Contract Strategy/Flexibility, NEC, NEC3

This video explains how the Engineering & Construction Contract can be used for any extent of Contractor design

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Part 6 : Flexibility and the Secondary options

TAGS: Contract Strategy/Flexibility, NEC, NEC3

This video gives an overview of how secondary options can be selected to fine tune the contract strategy

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Part 7 : Summary of Flexibility

TAGS: Contract Strategy/Flexibility, NEC, NEC3

This video summarises how ‘flexibility’ is put into practice when using the NEC3 family.

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Part 8 : Clarity and Simplicity

TAGS: Clarity & Simplicity, Contract Strategy/Flexibility, NEC, NEC3

This video explains all the contract documents under the Engineering and Construction Contract as well as how the family achieves its Clarity and Simplicity objective.

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Part 12 : Open book accounting

TAGS: Contract Strategy/Flexibility, NEC, NEC3, Payment, Project Management

This video explains the importance of good open book management under the cost based options

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Part 13 : The Accepted Programme

TAGS: Accepted Programme, NEC, NEC3, Project Management

This video gives a quick overview of the programming requirements of the NEC.

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Part 14 : Early warnings and the risk reduction process

TAGS: Early Warnings, NEC, NEC3, Project Management, Risk Management

This video gives a quick overview of the early warnings and the risk reduction process under NEC

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Part 15 : Compensation events

TAGS: Compensation Events, NEC, NEC3, Project Management

This video gives a quick overview of compensation event definitions, process and timescales.

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Part 16 : Review of Stimulus to Good Project

TAGS: Accepted Programme, Compensation Events, Early Warnings, NEC, NEC3, Project Management

This video briefly reviews how the NEC aims to stimulate good project management

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Part 17 : Quirks and Myths of the NEC

TAGS: NEC, NEC3, Project Management

This video explores some of the quirks and myths of the NEC

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Part 18 : Course Review

TAGS: NEC, NEC3

This video brings the whole of the NEC3 in an hour course to a conclusion.

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ECI and Project Incentivisation

TAGS: ECI

It is slowly dawning on the industry that negative incentives i.e. damages, don’t really work in terms of stimulating improved performance and good results. This video presentation will consider the three available strategies for Early Contractor Involvement; the setting of the pain / gain formula in option C, positive versus negative incentives and the use of the X options. This will be related back Connect Plus as a case study of incentivisation in action.

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