This NEC4 Webinar focuses on the process of notifying compensation events and instruction quotations. Glenn Hide (GMH Planning), Ben Walker (Gather) and David Allen (CECA) review all aspects of this part of the compensation event process. The assessment process is covered in subsequent webinars.
This webinar considers in detail:
- what is a compensation event
- the compensation event lifecycle of notification/quotation/assessment/implementation
- who should notify a compensation event
- timeline for notifying and the quotation
- Project Manager decision for a Contractor notified compensation event
- Project Manager instructing quotations
- Project Manager assumptions
- considerations if an early warning had not previously been communicated
- good practice advice for notifying compensation events