Webinar - How to Pay Subcontractors and get Paid Under ECS and a Quick Overview of the SOCC
What's it about?
This one-hour online webinar introduces you to the payment provisions of the NEC3 Engineering and Construction Subcontract (ECS). This webinar provides an overview of the main payment options A, B, C & D.
Attendees of this webinar will have a much clearer understanding of the intent of the specific contractual clauses and in practical terms begin to see how they should administer them for the benefit of all parties on a particular project.
You will learn
By the end of this webinar you will be able to:
- Explain what the PWDD is under each of the main options and how this affects assessing the amount due
- Outline the timetable for assessment and payment
- Understand the key features of Schedule of Cost Components (SCC) and Shorter Schedule of Cost Components (SSCC)