NEC4: Engineering and Construction Contract Option F: management contract
The NEC4 Engineering and Construction Contract (ECC) Option F is the cost-reimbursable management contract, which can include any level of design. It is intended for projects where the contractor acts as a management contractor, and the works are entirely delivered by various suppliers engaged by the contractor. The financial risk is taken largely by the client, which pays the contractor the actual amounts paid to its suppliers plus an agreed fee.
The document contains everything you need to prepare, tender and manage an NEC4 ECC Option F contract, including all relevant secondary options and forms for the cost schedule and contract data.
The NEC4 ECC is the main works contract in the NEC4 suite of collaborative, flexible and clearly written contracts for built environment procurement. It has a global track record for delivering all kinds and sizes of building and infrastructure projects on time, on budget and to the highest environmental and quality standards.
As with all NEC4 contracts, the parties are required to act in a ‘spirit of mutual trust and co-operation’ and give early warnings of anything that could affect time, cost or quality so it can be mitigated without delay. Change is dealt with by a fast and fair compensation event process which, together with a continually updated and agreed programme, ensures there are no surprises at completion.