Webinar: Assuring People Costs Under NEC4 Contracts
Join Darren Ward and Ian Heaphy as they discuss assuring people costs under NEC4 Contracts.
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Date: 15/10/24
Time: 11:30 am BST (1 hour)
Join Darren Ward (Orange Partnership) and Ian Heaphy (NEC4 Contract Board) as they discuss assuring people costs under NEC4 Contracts.
This webinar will:
- Provide an overview of main Options C, D & E and the basis of payment of Defined Cost
- Provide an overview of the Schedule of Cost Components and people costs
- Discuss record keeping requirements in the contract, as well as scope requirements and potential Z clause amendments
- Help you understand the environment in which people costs are prepared, controlled and reported
- Explain how to visualise and interrogate the data
- Provide guidance on evaluating the records and report
- Discuss disallowed Cost
You will have the opportunity as questions at the end of the webinar.
Event Speakers
Darren Ward, Founder and Managing Director, The Orange Partnership Limited
Darren Ward is the founder and Managing Director of specialist Chartered Accountancy practice, The Orange Partnership Limited.
Pragmatic, passionate and down to earth, he has vast experience delivering assurance assignments over the last 20 plus years on major capital projects across sectors including rail, aviation, water, rail, nuclear and oil & gas.
He is a Fellow of the Institute of Chartered Accountants in England and Wales, Audit Qualified and “Big 4” trained. He worked for BAA as Head of Supply Chain Commercial Management for 5 years on the Terminal 5 programme. Here, he was responsible for setting up and renegotiating open book contracts across the entire project supply chain, worth £4bn.
Since then, Darren has led the scoping and delivery of over 600 assurance assignments on reimbursable style contracts, predominantly NEC based. His unique concentration of expertise combining audit and forensic accountancy skills with an in-depth knowledge on all matters both commercial and contractual in construction means he is able to unpick complex cost and commercial issues quickly. Over the last few years Darren has delivered numerous training courses and written many papers on practical ways to inspect and audit Defined Cost.
Ian Heaphy, Board Member, NEC4 Contract Board
Ian has over 30 years of experience in the construction industry, including aviation, oil & gas, rail, water, highways and building. He has worked with clients in the UK, Europe, Middle East, Far East, North America and Australia including government bodies, private sector employers and contractors.
Ian specialises in the development of innovative procurement strategies with particular expertise around partnering, alliancing and target cost contracts.
Ian is a member of the NEC4 Contract Board has been directly involved in drafting and shaping the fourth generation of NEC contracts.
In addition to his NEC and procurement work Ian also acts as adjudicator, dispute resolver and quantum Expert Witness.