WebOption B is a priced contract with a bill of quantities where the risk of carrying out the work at the agreed prices being is borne by the contractor. This document contains all the core … WebOption B is a straightforward application of the Bills, i.e. the Contractor prices the document which is then used to calculate how much the Contractor is paid based on the quantity of …
NEC3 Engineering and construction contract - Archive
Webcost components and contracts data relevant to an option A contract. Is the NEC option a lump sum? Option A is a priced contract with an activity schedule, Lump sum price for the Works. The lump-sum may change if a "Compensation Event occurs or the Employer varies the Works". Option B – priced Contract with the bill of quantities. WebJun 12, 2024 · How can we amend an NEC Option A Construction Contract to add a variation clause? What are the risks of doing this? We also want to include an assignment or novation clause in the assignment for a lease, so that a replacement contractor can be appointed if … dancing with the stars final results tonight
NEC4: Engineering and Construction Contract Option B Products
WebThe NEC4 Engineering and Construction Contract (ECC) Option B is the priced main works contract with a bill of quantities. It can include any level of design, and is ideal for relatively straightforward projects where the client has a fixed budget and is confident of its contractor’s willingness and ability to manage financial risk. WebOct 25, 2010 · Option B: Remeasurement priced contract with bill of quantities The Employer provides a bill of quantities which is priced by the Contractor. The contract price is the … WebOct 25, 2010 · Option A, the Employer takes the risk of the correctness of the quantities. Option B would normally be used where the risk of change in quantities is relatively high. It is not. appropriate for design and build contracts since the Contractor is responsible who designs and. prepares the detailed design and plans. dancing with the stars finalists 2023