Presentation1presentation 1 presentatio 1

prsentation by Manh Cuong

1. CLIENT
CONTRACTOR
NSC
CLIENT
CONTRACTOR
NSC
What’s the difference?
NOMINATED BY CLIENT
What’s the benefits to Client?
LOW BID/HIGH QUALITY
RELATIONSHIP
CONTROL OVER TERMS
(PAYMENTS)
NOMINATED SUB-CONTRACTOR/SUPPLIER SUB-CONTRACTOR
N
o
m
i
n
a
t
i
o
n

2. OBJECT TO NOMINATION
-not have sufficient competence, resources or financial strength
-the subcontract does not specify that:
-NSC shall indemnify the Contractor against and from any negligence or
misuse of Goods by the nominated Subcontractor, his agents and employees;
-the Contractor can discharge his obligations and liabilities under the
Contract
-indemnify the Contractor from the all consequences of any failure by the
Subcontractor.

3. WHAT SHOULD WE DO?
-BACK TO BACK CONTRACT
-Pay when paid (within 14 days)
-Monthly payment
-Final payment
-Variations
-Liquidated damage (for all consequences)
-Extension of Time
-Etc.
-LIMIT THE RISKS
-Attendance and Management only
-Contract between Client and NSC