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Getting to Grips with Compensation Events under NEC4 PSC

Getting to Grips with Compensation Events under NEC4 PSC

Level Intermediate
Duration 30 minutes

This course introduces you to compensation event process for managing change under the NEC4 Professional Services Contract (PSC). This webinar provides an overview of the main provisions of under section 6 of the PSC Contract. After completing this webinar, you'll understand the compensation process of PSC inside out.

Accreditations & CPD

Suitable for CPD requirements of RICS, CIOB, ICE, and CICES members.

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

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.

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