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Channel: ReachBack by BuiltIntelligence - Recent questions and answers in NEC3 and NEC4 Contracts
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Answered: NEC3 ECC Option X7

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Whilst it isn't a requirement of NEC3 many parties still like commercial conclusivity at the end of the contract to wrap up all outstanding matters in a final account settlement agreement that states words to the effect of "full and final settlement of all matters arising under this contract". This approach takes care of everything, not just liability to pay delay damages.

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