Level 1 Flashcards
What does NEC stand for in NEC contracts?
New Engineering Contract
True or False: NEC contracts are designed to promote collaboration between parties.
True
What is the primary purpose of NEC contracts?
To provide a flexible framework for managing construction and engineering projects.
Which NEC contract is specifically designed for engineering and construction projects?
NEC3 Engineering and Construction Contract (ECC)
Multiple Choice: Which of the following is NOT a key principle of NEC contracts? A) Collaboration B) Flexibility C) Adversarial relationships D) Clarity
C) Adversarial relationships
What is the role of the Project Manager in NEC contracts?
To facilitate communication and ensure that the contract is administered properly.
True or False: NEC contracts include provisions for early warning of potential issues.
True
Fill in the blank: NEC contracts encourage _____ resolution of disputes.
early
Multiple Choice: Which NEC contract is best suited for design and build projects? A) NEC3 Engineering and Construction Contract B) NEC3 Professional Services Contract C) NEC3 Term Service Contract D) NEC3 Design and Build Contract
D) NEC3 Design and Build Contract
What does the term ‘compensation event’ refer to in NEC contracts?
An event that affects the cost or time of the project, triggering a change in the contract.
True or False: NEC contracts require a formal process for managing changes.
True
What is the significance of the ‘early warning’ mechanism in NEC contracts?
It allows parties to identify and address potential issues before they escalate.
Fill in the blank: NEC contracts emphasize the importance of _____ communication.
open
What does the NEC3 Professional Services Contract primarily deal with?
The appointment of consultants and the provision of professional services.
Multiple Choice: Which NEC option allows for a fixed price contract? A) Option A B) Option B C) Option C D) Option D
A) Option A