NEC3 : ECC - Notification, Pricing and Assessment of Compensation Events

Aims & Objectives:

At the end of the course, participants should be able to:

  • Understand the philosophy of early warning and compensation events and their contribution to the effective management of projects
  • Assess compensation events within the required timescales and prepare quotations
  • Apply notification procedures
  • Understand the use of the programme in assessing compensation events
  • Use the Schedules of Cost Components in assessing compensation events

Course Outline:

Session 1 Review of NEC3 Engineering and Construction Contract

Session 2 Compensation Events described

Session 3 Notification

Session 4 Use of the Schedules of Cost Components

Session 5 Quotations - basis and preparation

Session 6 Assessing Compensation Events

 

Intended For:

Practitioners who are responsible for managing compensation events under the NEC3 Engineering & Construction Contract.

This is an advanced interactive course which uses case studies and practical examples. Therefore delegates must have a basic prior knowledge of the ECC ideally obtained through an Introduction Course and practical experience.