NEC3 Engineering and Construction Contract Option C

Option C is a target cost contract with an activity schedule 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 C contract.

ISBN 0727733621   DEWEY edition DC22 ISBN13 9780727733627 (What's this?)   Pages 66 Publisher ICE Publishing   Published in London Imprint Thomas Telford Ltd   Height (mm) 297 Format Paperback   Width (mm) 210 Publication date 14 Jul 2005   Academic level Professional / Scholarly DEWEY 343.41078624

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 reasonable skill 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 * ZAdditional 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

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