Patterson, R L and Trebes, B (2015) NEC for DBFO: Taking best practice procurement into PPPs. Proceedings of Institution of Civil Engineers: Management, Procurement and Law, 168(5), pp. 213-219. ISSN 17514304
Abstract
The NEC - formerly the New Engineering Contract - is a family of modern contracts drafted for simplicity and flexibility and to be a stimulus to good management (www.neccontract.com). There are contracts for work supply, physical services and professional services. They are used extensively in the UK and South Africa, to an extent in New Zealand and are being trialled by the Hong Kong Government. Some international financing institutions are now considering the use of NEC rather than the Federation International des Ingenieurs-Conseils contracts that they have traditionally used. This article considers NEC for design, build and operate contracts and then reviews the potential to use NEC as the basis for the design, build, finance and operate contracts that are at the centre of the project finance deals used worldwide in public-private partnership projects.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | contracts & law; procurement; public-private partnerships |
| Index terms: | partnership, project finance, professional service, best practice, South Africa, New Zealand, Hong Kong, financing, New Engineering Contract |
| Subjects: | contractual arrangements, Geography, business, organization, financial management, economic analysis, partnership management |
| Topics: | Organizational Design, Business Strategy, Geographical Context, Cost Management, Stakeholder Management, Procurement |
| Descriptive scope: | 2 PC |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here