Home > NEC Contracts > NEC3 Contracts >

NEC3 Option D

NEC3 Engineering and Construction Contract Option D: Target cost contract with bill of quantities, ISBN 9780727758750, Publisher Thomas Telford, Imprint ICE Publishing, which building contract
NEC3 Option D target contract with bill of quantities

List Price: £49.75 RRP
Our Price: £46.75 Best Industry Price
Save £3.00!

Availability: Usually Ships in 24 Hours
Product Code: 9780727758750

ISBN: 9780727758750
Format: Paperbound
Publish Date: 01/04/2013
Publisher: Thomas Telford Ltd
Page Size: 297x210mm
Number of Pages: 82  NEC3 Option D target contract with bill of quantities

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.

OGC endorsement of NEC3;

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 Contractors 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 Contractors 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

OGC advises public sector procurers that the form of contract used has to be selected according to the objectives of the project, aiming to satisfy the Achieving Excellence in Construction (AEC) principles. This edition of the NEC (NEC3) complies fully with the AEC principles. OGC recommends the use of NEC3 by public sector construction procurers on their construction projects.

Price: 49.75

Share your knowledge of this product with other customers... Be the first to write a review

Browse for more products in the same category as this item:

NEC Contracts > NEC3 Contracts
NEC Contracts