Keating on NEC3; Clause by Clause Commentary on the Engineering and Construction Contract

About the book Keating on NEC3 provides detailed guidance on the three contracts that comprise the NEC3 suite of construction contracts. Reproducing the complete terms of the Engineering and Construction Contract (ECC), Subcontract and Professional Services Contract, it sets out clause-by-clause commentary explaining how those contracts are intended to operate, highlighting any ambiguities or questions of interpretation that can arise. NEC is used across the construction sector, including BAA's Terminal 5, Channel Tunnel Rail Link and the Eden Project and has been adopted for use in construction work for London's 2012 Olympic Games. Reproduces the three NEC3 contracts in full – with clause-by-clause commentary explaining how they are intended to operate. Highlights questions of interpretation that arise, with reference to relevant case law Provides a first port of call in advance of litigation, with detailed commentary on interpretation of clauses Gives invaluable assistance for drafting, with practical discussion on why particular clauses are used and possible amendments. Supplies the know-how of leading barristers experienced in advising on NEC3 contracts Explains the topic in a clear, practical style. Uses diagrams and flow charts to illustrate the range of choices that arise from combining core clauses with the various options clauses contained in the ECC and other contracts. Contents: The aims and genesis of the NECThe ECC and the other NEC3 contractsThe structure and drafting of the ECC contractCore Clause 1 GeneralCore Clause 2 The Contractor’s main responsibilitiesCore Clause 3 TimeCore Clause 4 Testing and DefectsCore Clause 5 PaymentsCore Clause 6 Compensation EventsCore Clause 7 TitleCore Clause 8 Risks and InsuranceCore Clause 9 TerminationMain Option Clause A Priced Contract with Activity ScheduleMain Option Clause B Priced Contract with Bill of QuantitiesMain Option Clause C Target Contract with Activity ScheduleMain Option Clause D Target Contract with Bill of QuantitiesMain Option Clause E Cost Reimbursable ContractMain Option Clause F Management Contract Dispute Resolution OptionsThe Secondary Option ClausesThe Schedule and Shorter Schedule of Cost ComponentsThe Contract Data