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What is this?

NEC3 Supply Contract Guidance Notes

NEC3 Supply Contract Guidance Notes

£19.00 RRP: £20.00 You save £1.00 (5.0%)

ISBN: 9780727736598
Format: Paper
Publish Date: 11/02/2010
Publisher: Thomas Telford Ltd
Page Size: 297x210mm
Number of Pages: 85

The purpose of the NEC3 Supply Contract guidance notes is to explain the background of the NEC3 Supply Contract, the reasons for its provisions and to provide clear yet comprehensive guidance on how to use it.

Contents
Chapter 1
Introduction
Background
Purpose of these Guidance Notes
NEC Objectives

Chapter 2
Introduction to the Supply Contract
When should the Supply Contract be used?
Application of the Supply Contract
Some features of the Supply Contract
Key terminology in the Supply Contract
Arrangement of the Supply Contract
Subcontracts
Clause numbering
Roles of the parties
The Supply Manager
The Adjudicator
The contract strategy
The Options
The Price Schedule

Chapter 3
Procedure for preparing a Supply Contract
Preparing the tender documents
Contract Data part one
Goods Information
Contract Data part two
The Price Schedule
Inviting tenders
Preparing a tender
Assessing tenders
Creating the contract

Chapter 4
Supply Requirements
Introduction
Preparing the Supply Requirements
Preparing Supply Requirements when using Incoterms

Chapter 5
Explanatory notes on the clauses of the Supply Contract
1 General
2 The Supplier's main responsibilities
3 Time
4 Testing and Defects
5 Payment
6 Compensation events
7 Title
8 Risks, liabilities, indemnities and insurance
9 Termination and dispute resolution
Option clauses
X1 Price adjustment for inflation
X2 Changes in the law
X3 Multiple currencies
X4 Parent company guarantee
X7 Delay damages
X12 Partnering
X13 Performance bond
X14 Advanced payment to the Supplier
X17 Low performance damages
X20 Key Performance Indicators
Y(UK)3 The Contracts (Rights of Third Parties) Act 1999
Z Additional conditions of contract

Appendices
1 Clause numbering system
2 Sample form of tender
3 Sample form of agreement
4 Use of the SC as a subcontract
5 Price Schedule
6 Contract Data - worked example