NEC4: Managing a Supply Contract

NEC4: Managing a Supply Contract

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Publication Details

Details: Paperback.

Publication date: 22/06/2017

Publisher: Thomas Telford

ISBN: 9780727762429

Publication Status: Active

Publication Description

This document will provide guidance on the contract management for a Supply Contract (SC).

Chapter 1 Introduction
 
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
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