NEC3 Engineering and Construction Contract

CONTENTS
Foreword v
Preface vii
Acknowledgements ix
Amendments x
Schedule of Options 1
Core clauses 1 General 3
2 The Contractor’s main responsibilities 7
3 Time 9
4 Testing and Defects 11
5 Payment 13
6 Compensation events 15
7 Title 20
8 Risks and insurance 21
9 Termination 24
Main Option clauses A Priced contract with activity schedule 27
B Priced contract with bill of quantities 29
C Target contract with activity schedule 31
D Target contract with bill of quantities 34
E Cost reimbursable contract 38
F Management contract 40
Dispute resolution W Option W1 42
Option W2 45
Secondary Option clauses X1 Price Adjustment for inflation 48
X2 Changes in the law 49
X3 Multiple currencies 49
X4 Patent company guarantee 49
X5 Sectional Completion 49
X6 Bonus for early Completion 50
X7 Delay damages 50
X12 Partnering 50
X13 Performance bond 52
X14 Advanced payment to the Contractor 52
X15 Limitation of the Contractor’s liability for his design to reasonable 52
skill and care
X16 Retention 53
X17 Low performance damages 53
X18 Limitation of liability 53
X20 Key Performance Indicators 54

Y (UK) 1 Project Bank Account 55
Y(UK) 2 The Housing Grants, Construction and Regeneration Act 1996 59
Y(UK) 3 The Contracts (Rights of Third Parties) Act 1999 59
Z Additional conditions of contract 59
Note Option X8 to X11 and X19 are not used
Schedule of Cost
Components 60

Shorter Schedule of Cost
Components 63

Contract Data 65
Index 78