NEC3 PSC: Payment and Compensation Events
NEC3 PSC: Payment and Compensation Events
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This course explains how to manage NEC3 PSC payments and compensation events effectively, from assessing amounts due to notifying, quoting and implementing changes.
Understanding these procedures helps the parties manage cash flow, assess the effects of change and reduce disputes.
Accreditations & CPD
Accreditations & CPD
Suitable for CPD requirements of RICS, CIOB, ICE, and CICES members.
Learning Outcomes
Learning Outcomes
By the end of this course, you will be able to
• Explain how the main payment options, expenses, and other contractual amounts determine payment
• Identify compensation events and describe the parties’ notification responsibilities.
• Outline how compensation events are quoted, assessed, and implemented.
About the Author
About the Author
This course is produced by Built Intelligence, in association with Chris Corr.
Chris Corr is Director of Built Intelligence, an organisation that provides online training and support tools for construction professionals to help them perform better. With significant previous experience as a consultant and surveyor for a range of huge organisations, Chris is leading Built Intelligence in its aims to be the market leader of digital training and support tools for construction professionals.
