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New Engineering Contract (NEC)

Advanced Technology Solutions

New Engineering Contract (NEC)

Type Of Technology: Others

Origin: Asia, Hong Kong and Mainland China

The NEC's core innovation include the unique "hard-writing" of collaboration into the contracts which states parties shall act in a spirit of mutual trust and cooperation. NEC has put the collaborative sharing of risk and reward at the heart of modern procurement by providing a comprehensive range of flexible contracts.
- Provide greater cetainity of outcome
- Ensure prompt and fair payment
- Fewer disputes
- Provide a more equitable allocation of risk
- Rewards collaboration and innovation
- Written in plain English
Project References
- Retrofitting noise barriers on Tuen Mun Road
- Hong Kong Academy
- Tin Shui Wai Hospital
- Kennedy Town Swimming Pool Phase 2

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