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Cover image for CECA NEC4 Bulletin CECA Member Briefings by GMH Planning Ltd

NEC4 Webinar No.4 – Assessing Compensation Events (Cost)

The fourth webinar in this series is part 2 of our focus on assessing compensation events. Glenn Hide (GMH Planning), Ben Walker (Gather) and David Allen (CECA) review all aspects of the cost element of a compensation event quotation.

This webinar covers in detail:

  • what is a compensation event
  • quotations proposing a change to the Prices
  • the ‘dividing date’ examples and significance
  • changes to the Prices by agreement
  • impact upon Defined Cost plus fee
  • common problems that occur
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