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Preparing NEC4 ECC Compensation Events Quotations and Assessments

Preparing NEC4 ECC Compensation Events Quotations and Assessments

Level Intermediate
Duration 30 minutes

This course explains how to assess compensation events as required by clause 63 and how the Contractor builds up the cost of their quotation or a Project Manager assessment is built up.

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 the procedures and timescales for the Contractor to submit quotations through to when a compensation event is implemented.
• Understand the Project Manager's response to a quotation, and why, when and how the Project Manager makes his or her own assessment of the compensation event. The relevant clauses are those in 62, 63 and 64

About the Author

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

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