Make costs and forecasts on NEC4 flow

Discover how Causeway can help you effortlessly manage NEC4 to get paid accurately and on time

 

 

An introduction to NEC4

New Engineering Contracts (NEC) were first introduced over 30 years ago in 1993, and are designed to encourage collaboration with a non-adversarial approach, by providing clear, straightforward language. However, they can be difficult to navigate, especially if it's your first time managing a project through NEC. The latest iteration of the contract, NEC4, was published by the ICE in June 2017.

An introduction to NEC and background on NEC4

NEC3 vs NEC4 - what's really changed?

NEC is now in it's fourth iteration. The ICE described NEC4 as an “evolution, not a revolution”, but the contract has been updated in various ways to reflect modern construction practices (including greater reliance on technology) and to accommodate requests from users. Whether you have no previous experience with NEC, or have worked on projects with NEC3, it’s helpful to understand some of the changes in the latest updates.

Download our contractors guide to navigating NEC4

To help you navigate the changes in NEC4 and get a better understanding of what NEC means for you, download our guide.

Download the guide
CW24_Short_Guide_On_NEC_Contracts_Final

NEC contracts have been used on a number of major projects, including on London 2012 venues. The 6000-seat Velodrome was the first major venue to be completed at the Olympic Park was procured under an NEC3 Engineering and Construction Contract option C (target contract with activity schedule).

Helping you easily manage your NEC4 data

NEC4 demands large amounts of data that can see people becoming data managers rather than commercial managers as they grapple with multiple spreadsheets to identify the information needed. Causeway Project Accounting software enables contractors to manage this data, and evidence all of those things they need to, in order to get paid accurately and on time.

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Effortlessly manage cost and forecasts on NEC contracts with Causeway

Contact us today for a software demonstration. 

Key benefits

Complete visibility and control over project costs and value.

Real-time project performance reporting and forecasting.

Complimentary to your existing finance system.

Fully flexible and configurable to contract specifications.