Understanding the NEC4 Term Service Contract : A Practical Handbook

Use of the NEC4 suite of contracts continues to grow and the new edition of Understanding the NEC4 Term Service Contract includes significant additional materials and changes since its original publication immediately after the initial release of the NEC4 contracts.Experienced authors and construction contracts specialists Kelvin Hughes and Patrick Waterhouse have added numerous practical experiences, case studies, lessons learned and guidance notes which were not available at the time of writing the original book. Covering all the recent updates to the contract and written in plain English, Understanding the NEC4 Term Service Contract offers a practical guide to the use and management of the NEC4 Term Service Contract (TSC).The authors describe the full life of a contract, from the initial selection of options and contract formation through to the operations period and ultimately termination and dispute resolution.Although born of the same stable as the NEC4 construction contracts, the TSC is aimed at maintaining infrastructure and differs significantly from its siblings. This is essential reading for anyone working with the contracts and takes the reader through the important provisions including communications, planning, early warnings, compensation events and payments.It is ideal for clients, contractors and their advisors describing how to deploy the contract successfully.