Tag Archives: NEC

Optimizing construction project performance; Part 2

This blog post is by my colleague, Mr. Luc A.E. Bauwmans, PMP

Optimizing construction project performance using the New Engineering Contract Third Edition (NEC3)

Part 1 

Part 2 is next

About partnering contracts

Partnering contracts between supplier and customer have probably always existed, in some form or other. In fact they come in so many different shades of grey that the very term has almost lost its meaning. Differentiators like market conditions, contract strategies, contract types as well as legislatures can substantially change the face of partnering agreements. Continue reading

Optimizing construction project performance; Part 1

This blog post is by my colleague, Mr. Luc A.E. Bauwmans, PMP

Optimizing construction project performance using the New Engineering Contract Third Edition (NEC3)

Executive summary

Part 1: Partnering in construction contracting is still the subject of much debate. The simplest form of partnering occurs when two parties to a contract have aligned (some of) their objectives for the project that the contract is intended to execute. Lately more complex forms have emerged such as multi-party arrangements governing a number of single contracts on a project, incentivizing all partners when client objectives have been met. Continue reading