NEC Training Courses
NEC Training Course 5 ECC Compensation Event Workshop by GMH Planning Ltd

ECC Compensation Event Workshop

  • 7 hours 15 mins Course duration
  • £ POA Price
  • Classroom, Online training Delivery mode

This one-day training workshop introduces the ECC compensation event process which is the mechanism within the NEC3/NEC4 contracts for dealing with change.

Why you should attend this ECC Compensation Event workshop?

The NEC compensation event process makes it clearer than other forms of contract in the first instance as to whose liability a particular issue is, before 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 an 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.

This ECC compensation event workshop will provide attendees with a detailed working knowledge of the NEC 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 compensation event workshop will review how such events should be priced and evaluated, considering particular elements of risk and also time entitlement in association with the latest Accepted Programme, then runs through a series of case studies and worked examples to allow attendees to consider and apply the contractual process to several given situations to decide how they should be managed and what the result in each case contractually would be.

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