Mr. Paul Sheridan:

We appear to be the only country in the world using this type of contract. I think they got it from an Australian state which no longer uses it. We are unique in the world. In the UK and the EU, it is primarily NEC or FIDIC. In the UK, public works contracts are generally done under NEC3. It is a much fairer way of dealing with risk and of taking that competitive nature out of pricing risk on contracts.