Author(s): NEC
Date: 2005
ISBN: 0727733591
Pages: 80
Publisher: Thomas Telford
Description: The NEC3 Engineering and Construction Contract (June 2005) should be used for the appointment of a contractor for engineering and construction work, including any level of responsibility.
Contents: Core clauses, 1 General, 2 The Contractor’s main responsibilities, 3 Time, 4 Testing and Defects, 5 Payment, 6 Compensation events, 7 Title, 8 Risks and insurance, 9 Termination, Main option clauses, A Priced contract with activity schedule, B Priced contract with bill of quantities, C Target contract with activity schedule, D Target contract with bill of quantities, E Cost reimbursable contract, F Management contract, Dispute resolution, Option W1, Option W2, Secondary option clauses, X1 Price adjustment for inflation, X2 Changes in the law, X3 Multiple currencies, X4 Parent company guarantee, X5 Sectional Completion, X6 Bonus for early Completion, X7 Delay damages, X12 Partnering, X13 Performance bond, X14 Advanced payment to the Contractor, X15 Limitation of the Contractor’s liability for his design to reasonable skill and care, X16 Retention, X17 Low performance damages, X18 Limitation of liability, Y(UK)2 The Housing Grants, Construction and Regeneration Act 1996, Y(UK)3 The Contracts (Rights of Third Parties) Act 1999, Z Additional conditions of contract, Note Options X8 to X11 and Y(UK)1 are not used, Schedule of Cost Components, Shorter Schedule of Cost Components, Contract Data, Index