Evolution of partnering contracts — new engineering contract trials

Liu Zhengguang1,2

Strategic Study of CAE ›› 2012, Vol. 14 ›› Issue (12) : 81-84.

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PDF(1108 KB)
Strategic Study of CAE ›› 2012, Vol. 14 ›› Issue (12) : 81-84.

Evolution of partnering contracts — new engineering contract trials

  • Liu Zhengguang1,2

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Abstract

With the development of society, the engineering industry has become very complex, so the traditional construction contract can not meet the requirement of increasingly diversified development of enginee-ring. Therefore, through wide study and discussion, the Institution of Civil Engineers (ICE) agreed to improve the construction contract. In 1993, the new engineering contract (NEC) was launched by ICE to encourage the “team spirit” and establish a good partnership. After nearly 20 years of application, it was proved very effective. In 2009, the Hong Kong Special Administrative Region Government introduced NEC tentatively. The experience of the first project using NEC was introduced in the paper. The project results show that the NEC can save the duration and cost, reduce the contract disputes and increase effectiveness, which enhances the confidence of the engineering industry for introducing NEC.

Keywords

traditional engineering contract / NEC / experience of NEC

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Liu Zhengguang. Evolution of partnering contracts — new engineering contract trials. Strategic Study of CAE, 2012, 14(12): 81‒84
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