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  • When and why NEC project managers have to assess compensation . . .
    There are four reasons why NEC project managers are required to assess compensation events, all of which flow from contractors’ failure to comply with contract
  • Compensation events procedure and assessments under the NEC3 . . .
    Project Manager’s assumptions as basis for assessment – i e the Project Manager decides that the effects of a compensation event are too uncertain to forecast reasonably and states in his instruction to submit quotations the assumptions to be used as the basis for assessment (see clauses 61 6 and 60 1(17))
  • Assessing Compensation Events in NEC4: A Guide to Managing . . .
    When a compensation event occurs, the dividing date marks the moment when all involved parties – contractors, project managers, supervisors and stakeholders – must assess the impact of the event
  • NEC ECC: Compensation events and Project Manager assumptions
    The contract actually only has Project Manager assumptions, which if turn out to be incorrect can then be revisited as a new compensation event Contractor assumptions that are accepted within a quote do NOT instantly become Project Manager assumptions
  • Project Manager’s Assessment of Compensation Events
    Clauses 64 1 and 64 2 of the NEC3 set out the circumstances in which the Project Manager (PM) may make his own assessment of Compensation Events (“CE’s”) Much is demanded of the PM under NEC31, including the normal duties of a certifier
  • NEC3: Early Warning and Compensation Events - Fenwick Elliott
    NEC3 has adopted a more strict regime for contractors in respect of compensation events Core clause 61 3 is set out in terms: The Contractor notifies the Project Manager of an event which has happened or which he expects to happen as a compensation event if • the Contractor believes that the event is a compensation event and
  • NEC 3: when is the project manager obliged to notify a . . .
    Compensation events are events stated in the contract, which, if they occur, entitle the contractor to be compensated for any effect, which the compensation event has on the prices and or the accepted programme Compensation events, therefore, represent risks borne by the employer





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