Chapter 3. Secondary Option Clauses

  1. Brian Eggleston CEng, FICE, FIStructE, FCIArb

Published Online: 28 JAN 2008

DOI: 10.1002/9780470758496.ch3

The NEC 3 Engineering and Construction Contract: A Commentary, Second Edition

The NEC 3 Engineering and Construction Contract: A Commentary, Second Edition

How to Cite

Eggleston, B. (2006) Secondary Option Clauses, in The NEC 3 Engineering and Construction Contract: A Commentary, Second Edition, Blackwell Science, Oxford, UK. doi: 10.1002/9780470758496.ch3

Publication History

  1. Published Online: 28 JAN 2008
  2. Published Print: 8 AUG 2006

ISBN Information

Print ISBN: 9780632053865

Online ISBN: 9780470758496

SEARCH

Keywords:

  • price adjustment;
  • inflation;
  • multiple currencies;
  • parent company guarantee;
  • delay damages

Summary

This chapter contains sections titled:

  • Introduction

  • Option X1 – price adjustment for infl ation

  • Option X2 – changes in the law

  • Option X3 – multiple currencies

  • Option X4 – parent company guarantee

  • Option X5 – sectional completion

  • Option X6 – bonus for early completion

  • Option X7 – delay damages

  • Option X12 – partnering

  • Option X13 – performance bond

  • Option X14 – advanced payment to the contractor

  • Option X15 – limitation of contractor's liability for design

  • Option X16 – retention

  • Option X17 – low performance damages

  • Option X18 – limitation of liability

  • Option X20 – key performance indicators

  • Option Y(UK)2 – Housing Grants, Construction and Regeneration Act 1996

  • Option Y(UK)3 – Contracts (Rights of Third Parties) Act 1999

  • Option Z1 – additional conditions