Contract Strategy Course
This series of 5 courses, each 1.5 hours long, was given on behalf of the ICE's Thames Valley Branch, who charged for it. Jon retained copyright and hence can post them up for free ! (one at a time if all 5 are not listed) It was recorded on Teams and had participants & Jon removed from view.
Contract Strategy Part 1: Principles & Process
This webinar gives an overview of what procurement is in a project environment and how contract strategy fits into it; it then explores the principles and thought processes involved in developing an intelligent 'fit for purpose' contract strategy; and finishes with a quick overview of NEC's three main objectives with the 'Flexibility' objective being the most relevant.
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CONTRACT STRATEGY PART 2: SELECTING THE RIGHT NEC4 CONTRACT
This session gives an overview of each member of the NEC4 contract family, outlining what they are and when to use them. It finishes by comparing the options available under the NEC4 family with those available under the FIDIC and JCT forms.
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CONTRACT STRATEGY PART 3: the main payment options & ECI
This session covers the main payment options focussing on those available under the NEC4 Engineering and Construction Contract, although the content is relevant to other members of the NEC4 family. It describes what each option is, when to use it and key considerations for implementation. At the end, it includes a discussion of different types of Early Contractor Involvement (ECI).
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CONTRACT STRATEGY PART 4: Management Contracts & secondary options relating to incentivisation
This sessions starts with a few Q&As arising from the previous sessions, before diving into what the differences between the three main management options are - namely management contracting, construction management & delivery partner - and when to use each.
It then considers some principles & practicalities in developing an intelligent incentive plan before considering the relevant secondary options to do with this, whether expressed positively i.e. bonuses or negatively i.e. damages.
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Contract strategy part 5: the remaining secondary options
Having covered the secondary options to do with incentives in the previous session, this one starts with a brief discussion on designing intelligent incentive plans that work. It then covers the remaining X-clauses to do with : external cost events; remedies in case of insolvency; correcting Defects and Contractor design. The course finishes off on UK specific clauses and a few comments on the use of Z-clauses.
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