NEC4: Engineering and Construction Contract Option D: target contract with bill of quantities
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The NEC4 Engineering and Construction Contract (ECC) 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 NEC4 ECC Option D contract.
- 1 General
- 2 The Contractor’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
- Option W1
- Option W2
- Option W3
Secondary Option Clauses
- Option X1: Price adjustment for inflation
- Option X2: Changes in the law
- Option X4: Ultimate holding company guarantee
- Option X5: Sectional Completion
- Option X6: Bonus for early Completion
- Option X7: Delay damages
- Option X8: Undertakings to the Client or Others
- Option X9: Transfer of rights
- Option X10: Information modelling
- Option X11: Termination by the Client
- Option X12: Multiparty collaboration (not used with Option X20)
- Option X13: Performance bond
- Option X14: Advanced payment to the Contractor
- Option X15: The Contractor’s design
- Option X16: Retention
- 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
- Options X3, X19 and X22 are not used
- Option Y(UK)1: Project Bank Account
- Option Y(UK)2: The Housing Grants, Construction and Regeneration Act 1996
- Option Y(UK)3: The Contracts (Rights of Third Parties) Act 1999
- Option Z: Additional conditions of contract
- Schedule of Cost Components
- Contract Data
- Part one – Data provided by the Client
- Part two – Data provided by the Contractor
- Index
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