Press photo. (info.gov.hk)

Gov't introduces new engineering contract standard template

It is the second standard contract template published by the Development Bureau.

The government has introduced the New Engineering Contract (NEC) Term Service Contract (TSC) standard template to facilitate the appointment of contractors for fixed periods to manage maintenance, repairs, or other services on operational assets. 

Unlike traditional contract models focused on obligations and responsibilities, the NEC encourages collaboration between contracting parties to address problems within specific timeframes, potentially mitigating time and cost overruns.

The NEC framework is expected to play a pivotal role in delivering major infrastructure projects, such as the Northern Metropolis, Hospital Development initiatives, public housing schemes, and railway expansions, reinforcing Hong Kong's reputation as an international infrastructure hub.

Ricky Lau, the Permanent Secretary for Development (Works), highlighted that the NEC is widely embraced by stakeholders in Hong Kong's construction sector. 

He emphasised its effectiveness in aligning parties toward shared objectives and incentivising proactive management and resolution of contractual issues. 

The NEC TSC is the second standard contract template published by the Development Bureau, following the release of the Engineering and Construction Contract template in 2023. 

Both templates are tailored to comply with local legislation and procurement practices, whilst also promoting innovation and technology in public works.
 

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Business receipts value up YoY in Q3 2024
A double-digit increase was recorded in transportation, financing, and insurance.
Economy
HK Express, AXA offer parametric delay benefit
If a flight is delayed by 90 minutes or more, passengers can claim a worldwide lounge pass.
Insurance
HKMA adds new spatial dataset via Open API
It includes details on five types of self-service banking machines of 20 retail banks.

Exclusives

Hong Kong seeks prescription for nursing shortage
The city must improve working conditions and offer nurses better pay.
Healthcare
Hong Kong needs more underwriters in marine insurance
The city may have to ease immigration rules to attract talent. 
Hong Kong, China told to ban ‘zero-dollar’ tours
Retailers should improve customer service and create unique experiences to stay in the game.