NEC Public Training Workshops
NEC4 Compensation Events Online NEC Public Training Workshop - Online Training

NEC4 Compensation Event Workshop – Remote NEC Training (18th October 2024)

  • Fri, Oct 18, 2024 Event date
  • 9:00 am - 4:15 pm Event time
  • Offline Event location
  • £195 Price per attendee

The NEC4 Compensation Event training workshop introduces the NEC compensation event process which is the mechanism within the NEC4 contracts for dealing with change.

The session runs remotely via MS Teams and runs from 9am – 4.15pm. There are limited places to allow a good level of interactivity for everyone who is attending.

Why you should attend the NEC4 Compensation Event training workshop?

The compensation event process makes it clearer than other forms of contract in the first instance as to whose liability a particular issue is, before then establishing a clear systematic approach to ascertaining the cost and time effect of these events in a methodical and timely manner. The contract seeks to promote/achieve understanding of liability and associated entitlement of individual delays as they occur. This is contrary to the natural tendency of other contracts of saving such delays to the end of a project and trying to resolve entitlement when it is far too late and subjective to ascertain liability with any degree of certainty or fairness.

The NEC4 compensation event workshop will provide you with a detailed working knowledge of the compensation event process from start to finish. It will identify which events in the first instance would constitute a compensation event. It then takes attendees through the definitive distinct processes associated with each event i.e. notification, quotation, assessment and implementation. The workshop will review how such events should be priced and evaluated, considering in particular elements of risk and also time entitlement in association with the latest Accepted Programme. The workshop then runs through a series of case studies and worked examples to allow attendees to consider and apply the contractual process to a number of given situations to decide how they should be managed and what the result in each case contractually would be.

Attendees of the NEC4 compensation event training course will have a much clearer understanding of the change management process within these contracts and how each such compensation event should be identified, managed and assessed from its inception to its final agreement.

You will learn about:

  • what is a compensation event
  • the separate compensation event processes involved with each event i.e. notification, quotation, assessment and implementation
  • the difference and interaction between early warnings and compensation events
  • the part that the Accepted Programme plays in assessing the time and cost associated with each compensation event
  • identifying and preparing quotations for compensation events and how they should be subsequently assessed 

Recommended for:

This workshop is recommended for anyone who is involved with managing change on a project including in particular project managers, contract managers, quantity surveyors, planners, consultants, within any employer/contractor/subcontractor/consultant organization.  Attendees preferably would either have attended an Introduction to NEC3 / NEC4 workshop or have practical experience of working on an NEC project to understand the wider basic principles of the contract in order to get the most out of the session.

We are also still running in-house training sessions in case you are looking for a dedicated session for your project team rather than sharing a public session, so please look at our NEC4 Training Courses which can be tailored to your specific requirements.

Public NEC Training Workshop FAQs

Can anyone of any level of experience attend these workshops?

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Yes, these public NEC training sessions cater for anyone's level of experience if they are relatively new to NEC contracts or much more experienced. Everyone attending will broaden their knowledge and understanding.

How much do these public courses cost per person?

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A single workshop will cost £195(+vat) but anyone booking more than one person or more than one different workshop receives a 10% discount on all bookings.

Which workshops do you run publicly?

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Currently we offer our three most popular courses as scheduled public online NEC training sessions, which are our NEC4 ECC Overview Workshop, NEC4 Programme Workshop and NEC4 Compensation Event Workshop. Please see online NEC training workshops for schedules.

How often are public NEC training workshops run?

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You will normally be able to find an available online NEC training workshops within the two months of inquiry. Please see online NEC training workshops for upcoming schedules. We also offer standard onsite and online NEC training courses which and be booked on any date subject to instructor availability.