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NEC3 ECC Compensation Events A: Overview of Definitions and Process

NEC3 ECC Compensation Events A: Overview of Definitions and Process

Level Intermediate
Duration 30 minutes

This course provides an overview of the compensation events process and explains some of the key definitions.

Accreditations & CPD

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

Learning Outcomes

After studying this course, you should be able to:-

• Understand what a compensation event is and the fundamental differences between a compensation event under NEC3 and contract changes or variations under other forms of contract
• Know and therefore be able to find the definitions of the core compensation events
• Explain the basic stages involved from notification to implementation of a compensation event

About the Author

This course is produced by Built Intelligence, in association with Jon Broome, Glenn Hide and Chris Corr.

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