nec4engine
Home→Clauses→Clause X14
Back to clause search
Section X— Secondary Options

Clause X14

Advanced Payment Bond

Purpose

The Contractor provides a bond to secure repayment of any advance payment made by the Employer. The bond amount reduces as the advance is repaid.

Practical Application

The advance payment is made to the Contractor for mobilisation costs. The bond protects the Employer if the Contractor fails to repay the advance.

Common Pitfalls

The bond must remain in force until the advance payment is fully repaid. The Contractor should ensure the bond amount reduces in line with repayment to avoid excess premium costs.

Related Clauses

Clause X13

📖 This summary is for reference. For the full, authoritative NEC4 contract text — including all amendments, guidance notes, and flow charts — visit the official NEC website.

Purchase Official NEC4 →

⚠️ This commentary is for reference only. Always refer to the full NEC4 contract text and seek professional legal or contractual advice for your specific project.