NEC3: Engineering and Construction Contract Option D: target contract with bill of quantities
Paperbound gives you
- Our high-quality printed paperbound contract
Paperbound doesn't give you
- The ability to print your contract
- A digital copy of this contract
Our high-quality printed paperbound contract.
ePrint gives you
- Digital documents that can be accessed and printed for a period of 12 months
- The flexibility to administer a number of NEC projects on a day-to-day basis
ePrint doesn't give you
- Access for multiple users or devices
- Cannot be used for third party training, conferences or in the external digital environment
ePrint gives an unlimited print facility for an individual user to print as many times as necessary for the purpose of obtaining tenders, awarding and administering contracts. It may not be used for third party training, conferences or in the external digital environment. Valid for 12 months.
1
£58.00
Get this for £58.00 with Platinum/Gold Users' Group Membership
Option D is a target cost contract with a bill of quantities where the out-turn financial risks are shared between the Client and the Contractor in an agreed proportion. This document contains all the core and secondary option clauses, the schedules of cost components, and contract data relevant to an option D contract.
Construction Clients' Board endorsement of NEC3
The Construction Clients' Board (formerly Public Sector Clients' Forum) recommends that public sector organisations use the NEC3 contracts when procuring construction.
Standardising use of this comprehensive suite of contracts should help to deliver efficiencies across the public sector and promote behaviours in line with the principles of Achieving Excellence in Construction.
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
• X1 Price adjustment for inflation
• 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 reasonableskill 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 subcontract
Note Options X3, X8 to X11 and Y(UK)1 are not used
Schedule of Cost Components
Shorter Schedule of Cost Components
Contract Data
Index
Copyright Policy
Users should note that the NEC Forms of Contract are protected by copyright and may not be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical or photocopying, recording or otherwise, without the prior permission of the copyright owner. However, Contract Data forms may be reproduced for the purpose of obtaining tenders, awarding and administering contracts.
Likewise, plagiarising any copyrighted document is illegal. For users seeking to prepare their own bespoke contracts based on the NEC Forms of Contract, please contact NEC at info@neccontract.com to discuss and obtain a copyright licence.
Paperbound
Product code: L08006-H
ISBN:
9780727758750
ePrint
Product code: L08006-P
ISBN:
9780727758767
