Author(s): NEC
Date: 2005
ISBN: 072773363X
Pages: 62
Publisher: Thomas Telford
Description: The NEC3 Engineering and Construction Contract Option E: Cost reimbursable 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, Dispute resolution W, Option W1, Option W2, Secondary option clauses, X2 Changes in the law, 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 X1, X3, X8 to X11 and Y(UK)1 are not used, Schedule of Cost Components, Shorter Schedule of Cost Components, Contract Data, Index
