NEC Contract Flashcards
1
Q
What is clause X3?
A
Multiple currencies
2
Q
What is clause X4?
A
Parent Company Guarantee
3
Q
What is clause X5?
A
Sectional Completion
4
Q
What is clause X6?
A
Bonus for early completion
5
Q
What is clause X7?
A
Delay damages
6
Q
What is Clause X12?
A
Partnering
7
Q
What is clause X13?
A
Performance bond
8
Q
What is clause X14?
A
Advance Payment
9
Q
What is Clause X15?
A
Limitation of contractor’s liability on design
10
Q
What is Clause X16?
A
Retention
11
Q
What is Clause X17?
A
Low performance damages
12
Q
What is Option Y (UK) 2?
A
Payment provisions