In respect of the Nuclear market, the majority of clients and contractors have adopted NEC 3 for their projects, the Government’s preferred choice of contract. However, achieving time and cost predictability is still eluding parties. This may seem surprising, given that the whole ethos of this suite of contracts is to ‘stimulate effective project management in a spirit of mutual trust and co-operation’ to achieve just that.
The prescriptive procedures for dealing with the effects of change and other events during the contract period under NEC 3, means the administration of this contract presents different challenges to those of more traditional forms of contract if the work is to be managed effectively and real benefits gained by both parties.
HKA has found one of the most effective routes to achieving cost and time predictability is by contracting parties recognising the benefits to be gained from joint workshops, both pre contract and through the whole life cycle of the project. This facility, which enables discussions over concerns and issues at the earliest stage, can only add value to a project and truly reflect the principles of ‘mutual trust and co-operation’.
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