The value of a service provider is influenced by the quality and length of its service contracts, which can make them attractive targets for a takeover. As such clients often include ‘change of control’ provisions in long-term service contracts that give them certain rights if this happens. In the NEC4 suite of contracts, the only such provision is Option X28 in the NEC4 Facilities Management Contract (FMC) and NEC4 Facilities Management Subcontract (FMS). This article by Andrew Wooldridge-Irving and David Hunter explains how the clause works, particularly in the context of UK regulations, and suggests it could be appropriate for other long-term NEC4 service contracts.
Posted by Panumas from NEC Contracts at 2023-10-03 11:48:28 UTC