Options A and B under NEC4 ECS
Options A and B under NEC4 ECS
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We now move on to how works are priced and valued. The method is chosen by the selection of the main option. There are 5 main options to choose from, denoted A through E. Each of the main options add to and/or vary the basic conditions of contract in order to bring about the type of pricing that is intended.
In this course, we will look at Main Options A (lump sum) and B (re-measurement). These are known as “Priced Subcontract” within NEC4 terminology, with one using an activity schedule and the other a bill of quantities.
Accreditations & CPD
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
Learning Outcomes
After completing this course, you should:
• Understand the types of contract formed by options A and B
• Know how the valuation process works for these two options
• Be able to explain how compensation events are assessed for these options and the additional compensation events for option B
About the Author
About the Author
This course is produced by Built Intelligence, in association with Michael Bennett.
Michael is a solicitor and adjudicator with over 15 years of experience. He specialises in engineering and construction disputes, with a particular focus on highly technical matters and has advised on projects across almost every sector, including power, rail, road, pharmaceutical, oil and coastal defence.
