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NEC3 TSC: Overview of the TSC Payment Mechanisms and Key Terminology

NEC3 TSC: Overview of the TSC Payment Mechanisms and Key Terminology

Level Intermediate
Duration 30 minutes

In this course, we will look at the different payment mechanisms available in the TSC and how the balance of risk between Employer and Contractor is different in each one. We will also review the important definitions in the contract that you need to understand in order to be able to operate the payment provisions correctly.

Accreditations & CPD

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

Learning Outcomes

After studying this course, you should be able to:-

• Understand each main option in the TSC and the benefits and risks that come with selecting them
• Know the defined terms in the TSC that relate to payment and the context in which they are used in the payment provisions

About the Author

This course is produced by Built Intelligence, in association with Neil Earnshaw.

Neil is a highly regarded consultant with experience working as a client, consultant and contractor in the construction industry with particular expertise in developing and implementing NEC forms of contract.

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