Publish Date: 01/04/2013
Publisher: Thomas Telford Ltd
Number of Pages: 74
NEC3 Option F management contract Description Option F is a cost reimbursable management 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 F contract. OGC endorsement of NEC3; 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.