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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
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This course provides an overview of the compensation events process and explains some of the key definitions.
Accreditations & CPD
Accreditations & CPD
Suitable for CPD requirements of RICS, CIOB, ICE, and CICES members.
Learning Outcomes
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
About the Author
This course is produced by Built Intelligence, in association with Jon Broome, Glenn Hide and Chris Corr.
