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NEC4 Option E cost reimbursable contract

NEC4 Engineering and Construction Contract Option E: Cost reimbursable contract, ISBN 9780727763150, Publisher Thomas Telford, Imprint ICE Publishing, which building contract bookshop
NEC4: Engineering and Construction Contract Option E: cost reimbursable contract

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Product Code: 9780727763150

Description Technical Specs
ISBN: 9780727763150
Format: Paperbound
Publish Date: 22/07/2017
Publisher: Thomas Telford Ltd
Number of Pages: 80

NEC4: Engineering and Construction Contract Option E: cost reimbursable contract

Option E is a cost reinbursable type contract where the financial risk is taken largely by the client.  This document contains all the core clauses and secondary option clauses the schedules of cost components, and contract data, relevant to an option E 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
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 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
Z     Additional conditions of contract
Note Options X1, 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
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