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Joey is preparing an NEC contract for the construction of a new school.
He includes a lump-sum price of 5 million.
The contractor receives payment upon completion of specific milestones.
Q: In which section of the contract should this be detailed?
Answer Options:
Suggested Answer: A
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In NEC contracts, pricing mechanisms are detailed in Options A-F (p.36). W clauses handle dispute resolution, X clauses cover secondary options, and Z clauses are additional conditions. [P.36]
12 comments · newest first
TO
Tonja
4 months ago
I’m leaning towards W1 Option. It’s about payment terms, right?
LA
Laurel
4 months ago
I agree, Z Clause makes sense for milestones.
DO
Dominga
4 months ago
I think it should be in the Z Clause. It covers project specifics.
LA
Lashaunda
4 months ago
Definitely W1, that's standard for milestone payments!
QU
Queenie
4 months ago
Wait, are we sure about W1? Seems a bit off.
SH
Sherita
4 months ago
I thought it might be the Z Clause instead.
JA
Janessa
6 months ago
Totally agree, W1 is the way to go!
TO
Tomoko
6 months ago
It should be in the W1 Option for milestone payments.
RO
Rosann
7 months ago
I feel like Option A could be relevant too, but I definitely need to double-check the specifics of each option.
KA
Karma
7 months ago
The Z Clause sounds familiar for custom amendments, but I can't recall if it specifically addresses payment milestones.
CE
Cecil
7 months ago
I remember something about milestones being covered in the W1 Option, but I could be mixing it up with another contract type.
MO
Mohammad
7 months ago
I think the payment details might be in the X Clause, but I'm not entirely sure.