Financing risk in the execution of public infrastructure through NEC 3 contracts option F

Authors

DOI:

https://doi.org/10.18800/iusetveritas.202301.010

Keywords:

NEC 3 contracts, Construction contracts, Public infrastructure, Project finance, Underfunding, Financial risks

Abstract

The use of standardized contracts in the implementation of public infrastructure projects has marked a milestone in infrastructure investment policies in Peru. Since 2019, New Engineering Contracts (NEC) have been the ones that have had significant use in construction projects in which one of the contracting parties is the Peruvian State. Therefore, the need arises to study financing risk management and its specific regulation in this type of contract. Given the importance of correct financing risk management in a NEC contract, this article will analyze the related duties and obligations, as well as the origin and consequences of the well-known.

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Author Biographies

  • Ameth Ugarte Carmelino, Pontifical Catholic University of Peru

    Abogado por la Pontificia Universidad Católica del Perú (Lima, Perú). Con segunda especialidad en Derecho Administrativo por la misma casa de estudios. Miembro del GIDA - PUCP. Abogado Senior en CDR - Construction and Dispute Resolution.
    Correo electrónico: augartec@pucp.pe.

  • Alexandra Loaiza Porcel, Pontifical Catholic University of Peru

    Abogada por la Pontificia Universidad Católica del Perú (Lima, Perú). Con segunda especialidad en Derecho Administrativo por la misma casa de estudios. Miembro extraordinario de la asociación civil IUS ET VERITAS. Abogada en CDR - Construction and Dispute Resolution.
    Correo electrónico: aloaizap@pucp.edu.pe.

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Published

2023-08-16

Issue

No. 66 (2023): Derecho de la Construcción

Section

Main Section

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

Financing risk in the execution of public infrastructure through NEC 3 contracts option F. (2023). IUS ET VERITAS, 66, 149-165. https://doi.org/10.18800/iusetveritas.202301.010