Webinar - 12/3/2020 1pm GMT How to Pay Subcontractors and get Paid Under ECS and a Quick Overview of the SOCC
THU, MAR 12, 2020 01:00 PM - 02:00 PM
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:
1. Explain what the PWDD is under each of the main options and how this affects assessing the amount due
2. Outline the timetable for assessment and payment
3. Understand the key features of Schedule of Cost Components (SCC) and Shorter Schedule of Cost Components (SSCC)