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NEC3 TSC Overview of the TSC payment mechanisms and key terminology

NEC3 TSC Overview of the TSC payment mechanisms and key terminology

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In this course we will look at the different payment mechanisms available in the TSC and how the balance of risk between Employer and Contractor is different in each one. We will also review the important definitions in the contract that you need to understand in order to be able to operate the payment provisions correctly.

After studying this course, you should be able to:-

1. Understand each main option in the TSC and the benefits and risks that come with selecting them.
2. Know the defined terms in the TSC that relate to payment and the context in which they are used in the payment provisions.