Preheat the oven to 350 degrees.
In a large bowl cream together the butter and sugar.
Add in the egg and mix well.
Stir in the vanilla.
In a medium bowl combine the flour, baking soda, and baking powder. Mix well.
Add the flour mixture to the butter mixture and mix to combine.
Fold in the chopped pecans and caramel chips.
Use a 1 inch cookie scoop to drop cookies onto a baking sheet. Flatten the tops slightly.
Bake for 10 minutes or until the tops just lose their shine.
Cool on the baking sheet for 2-3 minutes then remove to a wire rack to cool completely.
Sprinkle with chopped pecans while still warm.
Once cooled drizzle with caramel sauce.