NEC3 Professional Services Contract

CONTENTS
Foreword v
Preface vii
Acknowledgements ix
Amendments x
Schedule of Options 1
Core clauses 1 General 3
2 The Parties ‘main responsibilities 7
3 Time 9
4 Quality 11
5 Payment 12
6 Compensation events 13
7 Rights to material 17
8 Indemnity, insurance and liability 18
9 Termination 19
Main Option clauses A Priced contract with activity schedule 21
C Target contract 23
E Time based contract 25
G Term contract 26
Note Options B, D and F are not used
Dispute resolution W1 Option W1 28
W2 Option W2 31
Secondary Option clauses X1 Price adjustment for inflation 34
X2 Changes in the law 35
X3 Multiple currencies 35
X4 Parent company guarantee 36
X5 Sectional Completion 36
X6 Bonus for early Completion 36
X7 Delay damages 36
X8 Collateral warranty agreements 37
X9 Transfer of rights 37
X10 Employer’s Agent 37
X11 Termination by the Employer 37
X12 Partnering 38
X13 Performance bond 39
X18 Limitation of liability 39
X20 Key Performance Indicators 40
Y(UK)1 Project Bank Account 41
Y(UK) 2 The Housing Grants, Construction and Regeneration Act 1996 45
Y(UK) 3 The Contracts (Rights of Third Parties) Act 1999 45
Z Additional conditions of contract 45
Note Option X14 to X17 and X19 are not used.
Contract Data 46
Index 55