Two new NEC3 contracts for the supply of goods and equipment will be launched today, hosted by ICE director general Tom Foulkes.
The two new contracts, the NEC3 Supply Contract and the NE3 Supply Short Contract, provide the construction and engineering sector with the first standard forms of contract for the supply of goods and equipment.
The Supply Contract deals with the purchase of high value goods and associated services, while the Supply Short Contract deals with low risk contracts where the purchase of goods is under a single order or on a batch basis.
The new contracts are set to expand the scope of NEC into other areas such as energy and manufacturing where a best practice contract for supply or procurement of items is required.
Key procurement figures from across a range of sectors will attend the invite only launch event hosted by Foulkes.
“The NEC family of contracts are quite unique.”
The event offers an opportunity to learn more about the new contracts from the NEC panel behind their creation and network with key industry figures.
ICE director general Tom Foulkes commented: “The NEC family of contracts are quite unique. They are clear and structured simply, they cater for all aspects of projects and services procurement and they promote good relations between the two parties. “
NEC, the most widely used family of contracts in UK civil engineering, was established by ICE in 1993. Since then, further standard forms of contract have been produced in response to industry demands, using the same NEC principles.
- For more details visit the NEC website