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NEC4 Term Service Contract

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ISBN: 9780727762153
Format: Paperbound
Publish Date: 22/07/2017
Publisher: Thomas Telford Ltd

The Term Service Contract (TSC) is intended to be used for the appointment of a supplier for an agreed period of time to manage and provide a service on a priced task schedule. The consultant carries the risk of being able to perform and deliver the tasks for the agreed prices. This document contains the core clauses, the three main option clauses, secondary option clauses and contract data forms.

There is also a short term contract version of the contract available for less sophisticated projects, also a term subcontract, and how to guides on Preparing a Term Contract, Managing a Term Contract, along with Selecting a Supplier, and Establishing a Procurement and Contract Strategy to help users get the most out of the contract.

Price: £62.50

Core Clauses

1 General
2 The Contractor’s main responsibilities
3 Time
4 Quality management
5 Payment
6 Compensation events
7 Use of equipment, Plant and Materials
8 Liabilities and insurance
9 Termination

Main Option Clauses
Option A: Priced contract with price list
Option C: Target contract with price list
Option E: Cost reimbursable contract

Resolving and Avoiding Disputes
Option W1
Option W2

Secondary Option Clauses
Option X1: Price adjustment for inflation (used only with Options A and C)
Option X2: Changes in the law
Option X3: Multiple currencies (used only with Option A)
Option X4: Ultimate holding company guarantee
Option X8: Undertakings to the Client or Others
Option X10: Information modelling
Option X11: Termination by the Client (not used with Option X19)
Option X12: Multiparty collaboration (not used with Option X20)
Option X13: Performance bond
Option X17: Low service damages
Option X18: Limitation of liability
Option X19: Termination by either Party (not used with Option X11)
Option X20: Key Performance Indicators (not used with Option X12)
Option X21: Whole life cost
Option X23: Extending the Service Period
Option X24: The accounting periods
Options X5–X7, X9, X14–X16 and X22 are not used
Option Y(UK)1: Project Bank Account
Option Y(UK)2: The Housing Grants, Construction and Regeneration Act 1996
Option Y(UK)3: The Contracts (Rights of Third Parties) Act 1999
Option Z: Additional conditions of subcontract
Schedule of Cost Components
Short Schedule of Cost Components
Subcontract Data
Part one – Data provided by the Contractor
Part two – Data provided by the Subcontractor