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How to Pay the Supplier and get Paid under Supply Contract and a Quick Overview of the SOCC

How to Pay the Supplier and get Paid under Supply Contract and a Quick Overview of the SOCC

Level Beginner
Duration 20 minutes

This course introduces you to the payment provisions of the NEC4 Supply Contract (SC).

You 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.

Accreditations & CPD

This course provides structured Continuing Professional Development (CPD). Recognition of CPD is subject to individual professional body requirements and the learner’s role. This course is not formally accredited unless explicitly stated.

Suitable for CPD requirements of RICS, CIOB, ICE, APM, and PMI members.

Learning Outcomes

By the end of this course, you will be able to:

• Explain what the PGSPD 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)

About the Author

This course is produced by Built Intelligence, in association with Barry Trebes.

Barry is a chartered quantity surveyor with over 30 years of experience in major transportation, infrastructure and utility projects. Has procurement experience across a wide range of market sectors. He developed and led NEC training and advice support services in Needleman’s and initiated a collaboration with MPS Limited in 1998 to develop a web-based NEC contract management system. 

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