NEC4 Term Service Contract

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1481828

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Product Information

More Information
ISBN	9780727762153
Publication Status	Current
Publication Date	22/06/2017
Format (Paperback, Hardback etc)	Paperback
Brand / Publisher	NEC
Publisher	ICE Publishing

Product Description

The Term Service Contract (TSC) is intended to be used for the appointment of a supplier for a period of time to manage and provide a service. The NEC4 suite of contracts help in streamlining processes, reduces the potential for problems and promotes best practice in the procurement of services.

This document contains the core clauses, the three main option clauses, secondary option clauses and contract data forms.

Core Clauses

1 General
2 The Contractor’s main responsibilities
3 Time
4 Quality management
5 Payment
6 Compensation events
7 Use of equipment, Plant and Materials
8 Liabilities and insurance
9 Termination

Main Option Clauses

Option A: Priced contract with price list
Option C: Target contract with price list
Option E: Cost reimbursable contract

Resolving and Avoiding Disputes

Option W1
Option W2

Secondary Option Clauses

Option X1: Price adjustment for inflation (used only with Options A and C)
Option X2: Changes in the law
Option X3: Multiple currencies (used only with Option A)
Option X4: Ultimate holding company guarantee
Option X8: Undertakings to the Client or Others
Option X10: Information modelling
Option X11: Termination by the Client (not used with Option X19)
Option X12: Multiparty collaboration (not used with Option X20)
Option X13: Performance bond
Option X17: Low service damages
Option X18: Limitation of liability
Option X19: Termination by either Party (not used with Option X11)
Option X20: Key Performance Indicators (not used with Option X12)
Option X21: Whole life cost
Option X23: Extending the Service Period
Option X24: The accounting periods
Options X5–X7, X9, X14–X16 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 subcontract
Schedule of Cost Components
Short Schedule of Cost Components

Subcontract Data
Part one – Data provided by the Contractor
Part two – Data provided by the Subcontractor
Index