Lecture 12 - NEC Contracts Flashcards
1
Q
NEC Contract
A
Relies of selectable options within a smaller ranger of standard forms (subway!)
2
Q
NEC3 Engineering and Construction Contract
A
Most common for both higher profile and everyday projects, used to appoint contractor
3
Q
NEC3 - Core Clauses
A
Common to all options of the contract, (General terms, time, payment, risk, termination, etc.)
4
Q
NEC3 - Main Options
A
pricing/payment mechanisms:
A - Priced w/ activity schedule
B - Priced w/ BOQ
C - Target w/ activity schedule
D - Target w/ BOQ
E - Cost-Reimbursement
F - Management Contract
5
Q
NEC3 - Secondary Options
A
Optional additional options that can be added and influence tender price (partnering, delay damages, advance payment)
