Getting to Grips with Compensation Events and Defined Cost under NEC3 Supply Contract
Getting to Grips with Compensation Events and Defined Cost under NEC3 Supply Contract
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This course introduces you to the compensation event process for managing change under the NEC3 Supply Contract (SC). This course provides an overview of the main provisions of under section 6 of the SC Contract. After completing this course, you'll understand the compensation process of SC inside out.
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
By the end of this course, you will be able to:
• Explain what Compensation Events are
• Outline and follow the key steps in the Compensation Event Process (Notify, Quote and Assess)
• Explain the method of assessment
• Be aware of the sanctions for non compliance
About the Author
About the Author
This course is produced by Built Intelligence, in association with Barry Trebes.
Barry is a chartered quantity surveyor with over 30 years of experience in major transportation, infrastructure and utility projects. Has procurement experience across a wide range of market sectors. He developed and led NEC training and advice support services in Needleman’s and initiated a collaboration with MPS Limited in 1998 to develop a web-based NEC contract management system.
