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Terms in this set (15)
8. Insurance
The JCT contract contains comprehensive detail in relation to insurances at clause 6 and Schedule 3. In relation to the NEC contract, the insurance detail is very brief and contained at clause 84 of the contract. The NEC contract is silent on some insurances. The missing insurances relate to existing buildings insurance and adjacent property insurance, and need to be included in the additional insurances section of the Contract Data
The JCT contract contains comprehensive detail in relation to insurances at clause 6 and Schedule 3. In relation to the NEC contract, the insurance detail is very brief and contained at clause 84 of the contract. The NEC contract is silent on some insurances. The missing insurances relate to existing buildings insurance and adjacent property insurance, and need to be included in the additional insurances section of the Contract Data
JCT & NEC3: EMPLOYER REPRESENTATIVE
Architect (A) contract administrator (CA) - "administers" the contract (e.g. certifies sums due, issues instructions).
NB. If A is also the CA there is risk of conflict of interest.
Project manager (PM) - more active role in closely working with contractor to manage risk.
NB. PM has role in selection of sub- contractors.
Architect (A) contract administrator (CA) - "administers" the contract (e.g. certifies sums due, issues instructions).
NB. If A is also the CA there is risk of conflict of interest.
Project manager (PM) - more active role in closely working with contractor to manage risk.
NB. PM has role in selection of sub- contractors.
TIME & COST MANAGEMENT - JCT
• The Contract Particulars should indicate start and completion dates and whether sectional completion is required.
• A/CA values variations according to the valuation rules in the contract (there is an option for C to provide a quotation to deal with both the time and cost consequences of a variation).
• A/CA may grant a reasonable extension of time if a relevant event has occurred; where C default is the cause of delay there is provision for LADs.
• The Contract Particulars should indicate start and completion dates and whether sectional completion is required.
• A/CA values variations according to the valuation rules in the contract (there is an option for C to provide a quotation to deal with both the time and cost consequences of a variation).
• A/CA may grant a reasonable extension of time if a relevant event has occurred; where C default is the cause of delay there is provision for LADs.
TIME & COST MANAGEMENT - NEC3
• In addition to start and completion dates and sectional completion option NEC also has provision for key dates (e.g. for completion of certain elements of the works such as lift installation).
• The programme is the key management tool in NEC - it has to be kept up to date and must be submitted to the PM for acceptance.
• Whilst there is an option for LADs there is also an option of a bonus for early completion.
• In addition to start and completion dates and sectional completion option NEC also has provision for key dates (e.g. for completion of certain elements of the works such as lift installation).
• The programme is the key management tool in NEC - it has to be kept up to date and must be submitted to the PM for acceptance.
• Whilst there is an option for LADs there is also an option of a bonus for early completion.
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