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NEC3 Engineering and Construction Contract Option E: Cost Reimbursable Contract
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Author:
Type: Paperback
ISBN: 9780727758774
Date: 1st April, 2013
Publisher: ICE Publishing
Categories
- Construction And Engineering
Description
Option E is a cost reinbursable type contract where the financial risk is taken largely by the client. This document contains all the core clauses and secondary option clauses the schedules of cost components, and contract data, relevant to an option E contract. Construction Clients' Board endorsement of NEC3 The Construction Clients' Board (formerly Public Sector Clients' Forum) recommends that public sector organisations use the NEC3 contracts when procuring construction. Standardising use of this comprehensive suite of contracts should help to deliver efficiencies across the public sector and promote behaviours in line with the principles of Achieving Excellence in Construction.