nec3 and Best Practice
Cost management of contracts (packages) is time consuming, as is managing your risk and change control. Using our best practice nec3 tools (nec4change) you can control risk and manage change to packages plus all this is automatically rolled up into the cost management interface. Reporting allows you to see real time changes and allows your stakeholders visibility of everything ahead.
nec3 Risk
nec3 is about working to mitigate risk and enable the risk management process transparent visibility to all parties. The process is very well documented and each phase has explicit time lines and actions so that the risk can be managed as a team. The incentive is to be open and manage risk.
nec3 Change Control
Instructing subcontractors, notifying stakeholders, managing the risk register and making claims against the original contract; this is all about change control. Understanding the anticipated change so that your spend profile is not a shock to the client is one of the most important aspects of change control.
nec3 Cost Management with nec4change
Risk, change, expenditure; it all rolls up to the high level reporting for the client & management. Daily, weekly and monthly spend profiles are available with alert tolerances set for warning staff when risks require their attention. Cost management is not about spreadsheet reporting, it is the collaborative overall view of the project as it stands.