Early Warning and Compensation Events under NEC4 ECS
Early Warning and Compensation Events under NEC4 ECS
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As part of its prospective approach, the NEC4 uses a number of processes to try and manage the subcontract works. This is partially to ensure that the Parties have the tools they need to work together, but also to minimise risk.
As will be seen once we move into the payment and assessment courses (including this one), the Parties sacrifice some degree of accuracy in assessing compensation events in order to deal with matters upfront. It is, therefore, in both Parties' best interest to try to minimise the risks that come with this approach. The primary way to do this is by working together and resolving issues upfront.
However, this is also an area that brings about a lot of difficulties and, if not used properly, leads to some of the hardest disputes to resolve.
Accreditations & CPD
Accreditations & CPD
This course provides structured Continuing Professional Development (CPD). Recognition of CPD is subject to individual professional body requirements and the learner’s role. This course is not formally accredited unless explicitly stated.
Suitable for CPD requirements of RICS, CIOB, ICE, APM, and PMI members.
Learning Outcomes
Learning Outcomes
In this course, we will look at two processes:
• The early warning process and how it is used to control risk and minimise the effects of events; and
• The compensation event process, including how compensation events are valued.
The different types of compensation event will be looked at in a separate course.
After completing this course, you should:
• Understand the early warning process
• Know how to use the compensation event process
• Be able to explain how to assess a compensation event
About the Author
About the Author
This course is produced by Built Intelligence, in association with Michael Bennett.
Michael is a solicitor and adjudicator with over 15 years of experience. He specialises in engineering and construction disputes, with a particular focus on highly technical matters and has advised on projects across almost every sector, including power, rail, road, pharmaceutical, oil and coastal defence.
