Course work Coursework Example | Topics and Well Written Essays - 750 words - 1

Course work - Coursework ExampleThis report will delve into the contractual swear out and suggest the most suitable form of contract that will have both parties satisfied.The Institution of well-bred Engineers (ICE) sought to manoeuvre this issue and develop a contract that is satisfactory to everyone (Broome, 1999, p3). The New Engineering iron (NEC), also known as the NEC Engineering and Construction come, was their solution to this problem. This contract is an official formation that seeks to guide individuals in the drafting of projects both engineering and construction, to obtain tenders and the awarding of contracts (Forward, 2002, p7). This contract details the duties and responsibilities of the clients (employers) and the contractors (employees) during the keep of the project. A Works Information is also included in the NEC this also includes the first Contract Data, clients information, and the second Contract Data, contractors information (Institution of Civil Enginee rs 1995, p.6).NEC is an international standard that is espouse by some(prenominal) countries, notably the United Kingdom. Despite being internationally recognized, there are several reasons for choosing this contract. First and foremost, NEC emphasizes on developing mutual trust and co-operation for all parties embroild in the contract. The risk of exposure involved in the project is collaborated and managed by all parties leading to efficient contract management practices (Broome, 1999, p19). It fosters high-priced management of the work detailed in the contract. It does this by ensuring both parties are in good footing with one another.Secondly, NEC as a contract is applicable in all fields that involve contracts. It is applicable in construction, engineering, maintenance and consultancy contracts (Weddell & Weddell, 2006, p4). Furthermore, this contract has several payment options that cater for the clients and