UNLOCK PROJECT POTENTIAL WITH COLLABORATIVE CONTRACTS
Rekha Thawrani, OBE and Global Director of NEC Contracts, explains why the industry is moving towards collaborative contracts that can deliver better outcomes for everyone involved.
The construction industry faces a perfect storm of challenges. Designing and building against a volatile economic backdrop while racing towards net zero targets demands innovation, sustainability and efficiency like never before.
Many in the sector already understand the value of trusted supply chain relationships, nurturing these partnerships from project to project. Collaborative contracting takes this further – either strengthening existing approaches or catalysing the change needed.
THE COLLABORATIVE ADVANTAGE
Traditional contracts can create problems from day one. Characterised by one-sided terms and impenetrable legal jargon, they can pit parties against one another in adversarial relationships. Worse still, they’re typically signed, filed away, and only resurface during disputes. This approach simply isn’t fit for purpose for the modern construction industry.
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