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NEC4: Engineering and Construction Contract Option C: Target Contract With Activity Schedule

NEC

  • Format: Contract

  • Pages: 104

  • Publisher: Thomas Telford

  • Date Published: Jun 2017

  • Stock Code: 90794

  • ISBN: 9780727763136

  • Binding: Paperback

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Description

New NEC4 Contract launched June 2017

Contents

Core Clauses

  • 1 General
  • 2 The Contractor’s main responsibilities
  • 3 Time
  • 4 Quality management
  • 5 Payment
  • 6 Compensation events
  • 7 Title
  • 8 Liabilities and insurance
  • 9 Termination 

Resolving and Avoiding Disputes

  • Option W1
  • Option W2
  • Option W3 

Secondary Option Clauses

  • Option X1: Price adjustment for inflation
  • Option X2: Changes in the law
  • Option X4: Ultimate holding company guarantee
  • Option X5: Sectional Completion
  • Option X6: Bonus for early Completion
  • Option X7: Delay damages
  • Option X8: Undertakings to the Client or Others
  • Option X9: Transfer of rights
  • Option X10: Information modelling
  • Option X11: Termination by the Client
  • Option X12: Multiparty collaboration (not used with Option X20)
  • Option X13: Performance bond
  • Option X14: Advanced payment to the Contractor
  • Option X15: The Contractor’s design
  • Option X16: Retention
  • Option X17: Low performance damages
  • Option X18: Limitation of liability
  • Option X20: Key Performance Indicators (not used with Option X12)
  • Option X21: Whole life cost
  • Option X22: Early Contractor involvement
  • Options X3 and X19 are not used Option Y(UK)1: Project Bank Account
  • Option Y(UK)2: The Housing Grants, Construction and Regeneration Act 1996
  • Option Y(UK)3: The Contracts (Rights of Third Parties) Act 1999
  • Option Z: Additional conditions of contract

Schedule of Cost ComponentsContract Data

  • Part one – Data provided by the Client
  • Part two – Data provided by the Contractor

Index

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