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The NEC contracts now form a suite of contracts, with NEC being the brand name for the "family" of contracts. [16] When it was first launched in 1993, it was simply the "New Engineering Contract". This specific contract has been renamed the "Engineering and Construction Contract" which is the main contract used for any construction based project.
Facility management [1] or facilities management (FM) is a professional discipline focused on coordinating the use of space, infrastructure, people, and organization.. Facilities management ensures that physical assets and environments are managed effectively to meet the needs of the
11-Digit Class-Item-Group-Detail Code The 11-Digit Code is generally used to create, manage, and maintain line-item term contracts. It is also used to identify stock items in inventory. This level of the Code currently contains over 250,000 descriptions which provides a great amount of flexibility when creating contracts and tracking inventory.
A commercial contract is an agreement containing all the work that should be performed for the construction of a commercial building or non-residential building. A skillfully constructed commercial contract can protect both parties' interests, minimize risks, and increase profitability for the contractor.
These cover a wide field but the more significant contracts are: the head lease or the management agreements; tenancy and casual leasing agreements; contracts with independent contractors for cleaning, lift and escalator maintenance, air conditioning and fire protection maintenance, etc.
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