Pricing Compensation Events In NEC Contracts
Failed to add items
Add to cart failed.
Add to wishlist failed.
Remove from wishlist failed.
Follow podcast failed
Unfollow podcast failed
Pricing Compensation Events In NEC Contracts
-
Narrated by:
-
Written by:
About this listen
Send us a text
We break down how to assess compensation events on price under NEC, focusing on the dividing date, defined cost, and the difference between assessment by agreement and assessment by default. Two worked examples show why you must compare cost with and without the change, not tender prices against new costs.
• definition and purpose of compensation events under NEC
• the dividing date and why it stays fixed
• when assessments are retrospective versus prospective
• using clause 63.2 by agreement for small, similar changes
• default clause 63.1: defined cost with and without the change
• worked example: deletion and abortive costs explained
• worked example: design change and preserving tender position
• implementing updates in activity schedules or bills
• common pitfalls and how to avoid them
• handling time and money together with the accepted programme
View the webinar: https://www.gatherinsights.com/en/webinars
Join the LinkedIn Group: https://www.linkedin.com/groups/2893228/