Built Intelligence

NEC4 Term Service Contract (TSC) Fundamentals

NEC4 Term Service Contract (TSC) Fundamentals

This online training programme introduces you to the common philosophies of the NEC family of contracts and focuses in more detail upon the key mechanics and provisions of the NEC4 Term Service Contract (TSC). This form of contract is used by a Client to procure a Contractor to provide a service over a period of time, it is often used for facilities management and maintenance contracts. You will gain an understanding of the key aspects of the TSC from the point of view of the Client, Contractor and Service Manager.

This programme introduces you to key mechanics and provisions of the NEC4 Professional Services Contract (PSC). You will gain a practical understanding of the key aspects of PSC from both Parties perspectives. We will explore the importance of administering this form of contract during the life of a project rather than “leaving it in a drawer”, as in our view being contractual should be viewed very much as being proactive rather than being considered negatively. These sessions will review the contract strategy options between the primary PSC options A, C and E as well as the choice of secondary options that are available, all of which alter the risk profile and the payment mechanisms.