NEC4: Managing a Supply Contract
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This document will provide guidance on the contract management for a Supply Contract (SC).
Chapter 2 Core clauses
- 1 General
- 2 The Supplier’s main responsibilities
- 3 Time
- 4 Quality management
- 5 Payment
- 6 Compensation events
- 7 Title
- 8 Liabilities and insurance
- 9 Termination, resolving and avoiding disputes
Chapter 3 Option clauses
- Option X1: Price adjustment for inflation
- Option X2: Changes in the law
- Option X3: Multiple currencies
- Option X4: Ultimate holding company guarantee
- Option X7: Delay damages
- Option X10: Information modelling
- Option X11: Termination by the Purchaser
- Option X12: Multiparty collaboration (not used with Option X20)
- Option X13: Performance bond
- Option X14: Advanced payment to the Supplier
- Option X17: Low performance damages
- Option X18: Limitation of liability
- Option X20: Key Performance Indicators (not used with Option X12)
- Option X21: Whole life cost
- Option X25: Supplier warranties
- Option Y(UK)1: Project Bank Account
- Option Y(UK)3: The Contracts (Rights of Third Parties) Act 1999
Chapter 4 Schedule of Cost Components (SCC)
Appendix 1 Contract start-up checklist
Appendix 2 Contract close-down checklist
Appendix 3 Example communication forms
Appendix 4 Example joint compensation event tracking schedule
Appendix 5 Example quotation of a compensation event
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.
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Product code: L48069-H
ISBN:
9780727762429
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