NEC3 Term Service 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 10
5 Payment 11
6 Compensation events 12
7 Use of equipment, Plant and Materials 16
8 Risks and insurance 17
9 Termination 19
Main Option clauses A Priced contract with price list 22
C Target contract with price list 24
E Cost reimbursable contract 26
Note Options B and D are not used
Dispute resolution W1 Option W1 27
W2 Option W2 30
Secondary Option clauses X1 Price adjustment for inflation 33
X2 Changes in the law 34
X3 Multiple currencies 34
X4 Parent company guarantee 34
X12 Partnering 34
X13 Performance bond 36
X17 Low service damages 36
X18 Limitation of liability 36
X19 Task order 37
X20 Key Performance Indicators 39
Y(UK)1 Project Bank Account 40
Y(UK)2 The Housing Grants, Construction and Regeneration Act 1996 44
Y(UK)3 The Contracts (Rights of Third Parties) Act 1999 44
Z Additional conditions of contract 44
Note Options X5 to X11, X14 and X16 are not used
Contract Data 45
Index 52