Webinar - Coronavirus Contract Surgery – Your NEC Questions Answered on Termination, Force Majeure and Compensation Events
The coronavirus (COVID-19) and the government measures to control it, continue to impact construction projects across the globe. The aim of this webinar is to help you understand how the NEC Engineering and Construction Contract (and Subcontract version of the contract) deals with these risks and the processes you need to follow to protect your teams and minimise the impact to your project. The webinar will consider the contractual position from the Client, Contractor and Subcontractor points of view.
You will learn
By the end of this webinar you will be able to:
- Understand the various standard definitions and interpretations that relate to the impact of COVID-19 (and touch on contract-specific amendments to manage liability in the future),
- Identify the relevant notifications for existing contracts that need to be raised as either as Client, Contractor or Subcontractor, and how to deal with them, and
- Outline the next steps in the early warning, compensation event and termination processes for existing contracts, and
- Outline what steps would be prudent for a Client who is planning on procuring work using NEC Contracts.