Understanding the concept of Float and Float Ownership is critical to those administering NEC3 Engineering and Construction Contract. Unfortunately both concepts are often misunderstood. I have heard the phrase “Contractor owns the float” too many times. Let’s look into...
Business models used to deliver and operate ever growing infrastructure in the UK have proven to deliver projects over budget, past deadline and below face value. Project 13 is a response to the challenges faced by the industry in...
NEC (New Engineering Contract) is a suite of contracts that put emphasis on partnering and collaboration between the contractor and client. Unlike other standard frameworks for construction contracts, NEC3 is strict with its requirements for the development, acceptance and...