Mastering NEC4 Compensation Events: Time Assessments Explained
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Mastering NEC4 Compensation Events: Time Assessments Explained
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We unpack how to assess the time element of NEC compensation events, why the dividing date matters, and how to preserve terminal float. We share a three-step method to progress, model impact, and produce clear quotations without relying on end‑of‑project prolongation claims.
• defining compensation events and the rights to change dates and prices
• why quotations must show alterations to the accepted programme
• prospective versus retrospective assessment tied to the dividing date
• preserving terminal float and extending time only one way
• three-step method: progress, reschedule, impact the CE
• showing time risk allowance and principal resources
• using assumptions when uncertainty is too high
• pitfalls: old programmes, hidden float, missing planned key date conditions
• sequencing multiple CEs and aligning on method
• resources to deepen practice and prepare for the prices session
Join us on 1 December at 16:30 for Assessing Compensation Events Part Two: Prices
View the webinar: https://www.gatherinsights.com/en/webinars
Join the LinkedIn Group: https://www.linkedin.com/groups/2893228/