Comparing JTC and NEC: Their Advantages and Disadvantages (Coursework Sample)
Comparing JTC and NEC, advantages and disadvantages of both, why choose one and not the other, which contract is suitable in local region, abnormally low tenders, Most economically advantageous tender(meat), repercussions of awarding abnormally low tenders, counter-offers and offer and acceptance by conduct.
source..Acknowledgements
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Abstract
The case study explores and demonstrates the understanding of the various disciplines of law touching on tendering, Contracts and how they are formed, the JTC and NEC as well as how they take shape in the day to day life while interacting with different laws, caselaws as well as JCT 2016 and NEC.
Issue 1
1.1 Differences between JCT and NEC
The differences between JCT and NEC are classified in terms of Drafting and Structure; Pricing and Scope and finally Dispute Resolution Mechanisms.
No.
In terms of:
JTC
NEC
i
Drafting and Structure
JCT contracts are often used for local projects for instance in Wales and England only and also with other conditions related to construction in Scotland (Telford, 2002).
NEC is often used in international contracts especially with its language and the governing law (The Joint Contracts Tribunal Limited, 2016).
ii
Process of Payment
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