NEC3 Supply Contract

Contents
Foreword v
Preface vii
Acknowledgements ix
Amendments x
Schedule of Options 1
Core clauses 1 General 3
2 The Supplier’s main responsibilities 7
3 Time 9
4 Testing and Defects 11
5 Payment 13
6 Compensation events 15
7 Title 20
8 Risks, liabilities, indemnities and insurance 21
9 Termination and dispute resolution 24

Option clauses X1 Price adjustment of inflation 29
X2 Changes in the law 29
X3 Multiple currencies 30
X4 Parent company guarantee 30
X7 Delay damages 30
X12 Partnering 30
X13 Performance bond 32
X14 Advanced payment to the Supplier 32
X17 Low performance damages 32
X20 Key Performance Indicators 33

Y(UK)1 Project Bank Account 34
Y(UK)3 The Contracts (Rights of Third Parties) Act 1999 37

Z Additional conditions of contract 37

Note Main Options A to G and secondary Options X5, X6, X8
to X11, X15, X16, X18, X19 and Y(UK)2 used in other
NEC3 contracts are not used in this contract

Contract Data 38

Index 45