Compensation Events Videos
Do the 63.7 assumptions work in practice?
Clause 63.7 allows the Project Manager to give some working assumptions to the Contractor where there is not enough detail available for a proper quotation for a compensation event. Are assumptions often given and if they are, do they help the Contractor or just cover the Project Manager ?
What happens when the Project Manager doesn’t reply properly?
There are a number of stages that a compensation event needs to pass through before it becomes contractually implemented. Is it possible for the Project Manager to de-rail the process by refusing to engage in it? If there is a lack of engagement what happens ideally and practically ? Jon, Ewen, Rob and Ian discuss.
How do the time bars in clause 61.3 operate?
Clause 61.3 provides that, for certain compensation events, if the Contractor does not notify them within 8 weeks of becoming aware of them, it will lose the right to a change in the total of the Prices and the contractual Completion Date. That doesn’t sound very much like mutual trust and co-operation, does it ? Is it appropriate to have time bars in this contract and do they work ?
Which of compensation events are most common?
The compensation event mechanism is intended to be a sole remedy under the contract. So the list of nineteen core compensation events should be all encompassing. Despite that breadth are there trends for which ones are most common ? And are there particular events which rarely seemed to be claimed properly ?
Compensation Events tie together all contractual consequences
The theory behind compensation events in the NEC is to take an event and deal with all of its consequences and how all parties have dealt with it in one go. Does that produce a better result or just a more complicated process? Is it really any different to other contracts in practice ? Ian, Ewen, Rob and Jon discuss.
Does NEC3 have too much process and procedure ?
NEC contains a lot of processes from early warning through programme updates to compensation events. In this video, the panel discusses whether these process add unnecessary cost and bog a project down in unnecessary administration?
Part 16 : Review of Stimulus to Good Project
This video briefly reviews how the NEC aims to stimulate good project management
Part 15 : Compensation events
This video gives a quick overview of compensation event definitions, process and timescales.
Part 09 : Stimulus to Good project Management
This video gives an overview of the Stimulus to Good Management objective and why it matters.
Actually managing the risk under NEC – Part 3 : making the assessment of compensation events easier
This is the last of three more detailed webinars discussing how nPLan's huge database of construction activity durations and AI powered IT can help manage NEC contracts better. This one considers how it can help with the rapid agreement of compensation events.
Managing Compensation events properly!
In this presentation, given at the 2015 Linked In NEC People conference, Jon gives practical tips on how to assess compensation events quickly, amicably and accurately with less ‘hassle’. Wouldn’t that be good ?