NEC TSC: How are extensions to the service period handled?
Context: contract coming to an end but not adequately prepared to go to market.
I understand that there’s no mechanism for this but it is possible within the bounds of the NEC TSC provisions?
The simplest thing to do would be for the two Parties to sign a Supplemental Agreement extending the service period to a certain date. If all other terms stay the same it would be a simple document, but signed by both Parties directors.
Contract drafters commonly define the service period as “X years plus any extensions the Employer notifies to the Contractor up to a maximum period of Y years” to get around this issue. You need a little more than that to create certainty for both Parties however that’s the essence of it.