ARTICLE · 25 APRIL 2013

The NEC3 Engineering and Construction Contract: A Comparative Analysis – Part 1

Reed Smith (Worldwide)

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The Engineering and Construction Contract (NEC3) and FIDIC Conditions of Contract for EPC/Turnkey Projects (FIDIC Silver) are both popular standard forms of engineering and construction contract.

United KingdomEmployment and HR

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The Engineering and Construction Contract (NEC3) and FIDIC Conditions of Contract for EPC/Turnkey Projects (FIDIC Silver) are both popular standard forms of engineering and construction contract, used on a variety of projects both in the UK and internationally. However, they have fundamentally different approaches to the way projects should be managed and conducted.

In this, the first of a two-part series assessing NEC3 against the more conventional FIDIC Silver in terms of its suitability for substantial international construction and engineering projects, we examine the contrasting approaches and philosophies of the two forms in relation to structure, portability, risk and administration.

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