NEC4: Managing a Supply Contract

This document will provide guidance on the contract management for a Supply Contract (SC). Chapter 1 Introduction   Chapter 2 Core clauses 1 General 2 The Supplier’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   Chapter 3 Option clauses Option X1: Price adjustment for inflation Option X2: Changes in the law Option X3: Multiple currencies Option X4: Ultimate holding company guarantee Option X7: Delay damages Option X10: Information modelling Option X11: Termination by the Purchaser Option X12: Multiparty collaboration (not used with Option X20) Option X13: Performance bond Option X14: Advanced payment to the Supplier 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 Option X25: Supplier warranties Option Y(UK)1: Project Bank Account Option Y(UK)3: The Contracts (Rights of Third Parties) Act 1999   Chapter 4 Schedule of Cost Components (SCC)   Appendix 1 Contract start-up checklist   Appendix 2 Contract close-down checklist   Appendix 3 Example communication forms Appendix 4 Example joint compensation event tracking schedule   Appendix 5 Example quotation of a compensation event