GLOSSARY TERM  
  NEC  
 
  DESCRIPTION  
  The core conditions of the New Engineering Contract (NEC) were first published in 1993. NEC adopts a system of core clauses and options to provide for traditional arrangements as well as target, cost reimbursable and management contracts, together with professional services contracts and subcontract forms. The latest edition of the NEC Engineering and Construction Contract is NEC3, published in 2005.