The aim of this course is to introduce you to the common philosophies of the NEC family of contracts and focuses in more detail on the main and secondary options of the NEC3 Term Service Contract (TSC). It will also cover contract documents used in the TSC and the different functions of each.
After studying this course, you should be able to:
- Know the overall structure of the TSC
- Understand the main and secondary options
- Explain the different documents in and the functions of each
@Neil_Earnshaw What is the different between price con and target con?
@Neil_Earnshaw Hi, Neil! Could you please help with the above question? Thank you
@CharisMcKinna the answer to this is quite long and covered in detail within the course which explains the differences between main options A (priced contract), C (target contract) and E (cost reimbursable contract).
To summarise this, under option A the contractor is paid based on rates and prices in the price list whereas under option C the contractor is paid based on defined cost plus fee and subject to a pain / gain mechanism.
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