NEC4 · ECC Option X14
Option X14
Advanced payment to the Contractor. The Client pays a sum up front, which the Contractor repays in instalments. An advanced payment bond may secure it.
Also written as
- X14
- advanced payment
- advanced payment bond
Where you meet it
- Module 3: What comes off: retention and the other secondary OptionsPayment and Defined Cost
- Module 9: Subcontracting and securityNEC4 vs FIDIC 2017