NEC Contracts and Cash Flow Management

You’re a Main Contractor tendering for a project where the contract will be an NEC Option A contract. You want to understand what the potential impacts of this contract type are in terms of cash flow and the best management practices.

We put together this scenario to Jason Farnell, Adjudicator and CEDR Accredited Mediator from Commercial Risk Management.

The C-Link Ebooks count towards your RICS informal CPD hours. Don’t forget to log them!

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  • With regards supply chain, do we need to include anything in subcontracts to ensure back-to-back obligations are established?

  • With compensation events, can we apply for actual costs rather than pro rating tender rates when assessing Variations or Delays?

  • At what point does an Early Warning Notice become invalid to a Main Contractor when applying for extra costs?

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