NEC Option E: Cost reimbursable contract - Revision history

Designing Buildings at 08:41, 1 October 2020

2020-10-01T08:41:15Z

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	Option E contains the core clauses, secondary option clauses, schedules of cost components, contract data, and so on.		Option E contains the core clauses, secondary option clauses, schedules of cost components, contract data, and so on.

−	~~= Find out more =~~	+	{{:CIOB_CTA_setup\|Coronavirus}}

−	=== Related articles on Designing Buildings Wiki ===	+	= Related articles on Designing Buildings Wiki =

	* Conditions of contract.		* Conditions of contract.

Designing Buildings at 08:01, 23 September 2020

2020-09-23T08:01:28Z

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	* Term contract.		* Term contract.

−	[[Category:Contracts_/_payment]] [[Category:Procurement]]	+	[[Category:DCN_Guidance]] [[Category:Contracts_/_payment]] [[Category:Procurement]]

Editor at 12:09, 23 August 2018

2018-08-23T12:09:10Z

← Older revision		Revision as of 12:09, 23 August 2018
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	* NEC3.		* NEC3.
	* Prime cost contract.		* Prime cost contract.
		+	* Term contract.

	[[Category:Contracts_/_payment]] [[Category:Procurement]]		[[Category:Contracts_/_payment]] [[Category:Procurement]]

Editor at 11:56, 23 August 2018

2018-08-23T11:56:45Z

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	* NEC Option C: Target contract with activity schedule.		* NEC Option C: Target contract with activity schedule.
	* NEC Option D: Target contract with bill of quantities.		* NEC Option D: Target contract with bill of quantities.
		+	* NEC Option F: Management contract.
	* NEC3.		* NEC3.
	* Prime cost contract.		* Prime cost contract.

	[[Category:Contracts_/_payment]] [[Category:Procurement]]		[[Category:Contracts_/_payment]] [[Category:Procurement]]

Editor at 11:28, 23 August 2018

2018-08-23T11:28:34Z

← Older revision		Revision as of 11:28, 23 August 2018
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	It allows for 6 options:		It allows for 6 options:

−	* Option A: ~~priced~~ contract with activity schedule.	+	* NEC Option A: Priced contract with activity schedule.
−	* Option B: ~~priced~~ contract with bill of quantities.	+	* NEC Option B: Priced contract with bill of quantities.
−	* Option C: ~~target~~ contract with activity schedule.	+	* NEC Option C: Target contract with activity schedule.
−	* Option D: ~~target~~ contract with bill of quantities.	+	* NEC Option D: Target contract with bill of quantities.
−	* Option E: ~~cost~~ reimbursable contract.	+	* NEC Option E: Cost reimbursable contract.
−	* Option F: ~~management~~ contract.	+	* NEC Option F: Management contract.

	Option E is a cost reimbursable contract in which the contractor is reimbursed the actual costs they incur in carrying out the works, plus an additional fee. The financial risk involved is largely taken by the client.		Option E is a cost reimbursable contract in which the contractor is reimbursed the actual costs they incur in carrying out the works, plus an additional fee. The financial risk involved is largely taken by the client.

Designing Buildings at 06:16, 23 August 2018

2018-08-23T06:16:24Z

← Older revision		Revision as of 06:16, 23 August 2018
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	The Engineering and Construction Contract (ECC) is the most frequently used, and can be adopted on projects involving the construction of infrastructure or buildings. It is used for the appointment of a contractor for engineering and construction work, including any level of design responsibility.		The Engineering and Construction Contract (ECC) is the most frequently used, and can be adopted on projects involving the construction of infrastructure or buildings. It is used for the appointment of a contractor for engineering and construction work, including any level of design responsibility.
		+
		+	It allows for 6 options:
		+
		+	* Option A: priced contract with activity schedule.
		+	* Option B: priced contract with bill of quantities.
		+	* Option C: target contract with activity schedule.
		+	* Option D: target contract with bill of quantities.
		+	* Option E: cost reimbursable contract.
		+	* Option F: management contract.

	Option E is a cost reimbursable contract in which the contractor is reimbursed the actual costs they incur in carrying out the works, plus an additional fee. The financial risk involved is largely taken by the client.		Option E is a cost reimbursable contract in which the contractor is reimbursed the actual costs they incur in carrying out the works, plus an additional fee. The financial risk involved is largely taken by the client.

Designing Buildings at 06:10, 23 August 2018

2018-08-23T06:10:40Z

← Older revision		Revision as of 06:10, 23 August 2018
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−	NEC was first published in 1993 as the New Engineering Contract. It is a suite of construction contracts intended to promote partnering and collaboration between the ~~contractor and client~~.	+	NEC was first published in 1993 as the New Engineering Contract. It is a suite of construction contracts intended to promote partnering and collaboration between the parties to a construction contract.

−	The Engineering and Construction Contract (ECC) is the most frequently used, and can be adopted on projects ~~such as~~ infrastructure, buildings~~, highways and process plants~~. It is used for the appointment of a contractor for engineering and construction work, including any level of design responsibility.	+	The Engineering and Construction Contract (ECC) is the most frequently used, and can be adopted on projects involving the construction of infrastructure or buildings. It is used for the appointment of a contractor for engineering and construction work, including any level of design responsibility.

−	Option E is a cost reimbursable contract ~~whereby~~ the contractor is reimbursed the actual costs they incur in carrying out the works, plus an additional fee. The financial risk involved is largely taken by the client.	+	Option E is a cost reimbursable contract in which the contractor is reimbursed the actual costs they incur in carrying out the works, plus an additional fee. The financial risk involved is largely taken by the client.

	A cost reimbursable contract might be used where the nature or scope of the work to be carried out cannot be properly defined at the outset, and the risks associated with the works are high, such as, emergency work (for example, urgent alteration or repair work, or if there has been a building failure or a fire requiring immediate reconstruction or replacement of a building so that the client can continue to operate their business).		A cost reimbursable contract might be used where the nature or scope of the work to be carried out cannot be properly defined at the outset, and the risks associated with the works are high, such as, emergency work (for example, urgent alteration or repair work, or if there has been a building failure or a fire requiring immediate reconstruction or replacement of a building so that the client can continue to operate their business).

	Option E contains the core clauses, secondary option clauses, schedules of cost components, contract data, and so on.		Option E contains the core clauses, secondary option clauses, schedules of cost components, contract data, and so on.
−
−	~~This document contains all the core clauses and secondary option clauses the schedules of cost components, and contract data~~

	= Find out more =		= Find out more =

Editor: Created page with "NEC was first published in 1993 as the New Engineering Contract. It is a suite of construction contracts intended to promote partnering and collaboration between the contractor a..."

2018-08-22T14:50:00Z

Created page with "NEC was first published in 1993 as the New Engineering Contract. It is a suite of construction contracts intended to promote partnering and collaboration between the contractor a..."

New page

NEC was first published in 1993 as the New Engineering Contract. It is a suite of construction contracts intended to promote partnering and collaboration between the contractor and client.

The Engineering and Construction Contract (ECC) is the most frequently used, and can be adopted on projects such as infrastructure, buildings, highways and process plants. It is used for the appointment of a contractor for engineering and construction work, including any level of design responsibility.

Option E is a cost reimbursable contract whereby the contractor is reimbursed the actual costs they incur in carrying out the works, plus an additional fee. The financial risk involved is largely taken by the client.

A cost reimbursable contract might be used where the nature or scope of the work to be carried out cannot be properly defined at the outset, and the risks associated with the works are high, such as, emergency work (for example, urgent alteration or repair work, or if there has been a building failure or a fire requiring immediate reconstruction or replacement of a building so that the client can continue to operate their business).

Option E contains the core clauses, secondary option clauses, schedules of cost components, contract data, and so on.

This document contains all the core clauses and secondary option clauses the schedules of cost components, and contract data

= Find out more =

=== Related articles on Designing Buildings Wiki ===

* Conditions of contract.
* Construction contract.
* Contract documents.
* Cost reimbursable contract.
* Defined cost.
* NEC Option A: Priced contract with activity schedule.
* NEC Option B: Priced contract with bill of quantities.
* NEC Option C: Target contract with activity schedule.
* NEC Option D: Target contract with bill of quantities.
* NEC3.
* Prime cost contract.

[[Category:Contracts_/_payment]] [[Category:Procurement]]