NEC - Managing & Assessing Compensation Events under NEC3
Short course
In Solihull, London and Leeds
Description
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Type
Short course
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Level
Beginner
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Location
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Duration
1 Day
This 1 DAY COURSE will provide a detailed insight into the mechanisms for managing and assessing compensation events and claims, including ways in which the ethos of the contract can be used to assist Project Managers, Contractors and Subcontractors. The course will also provide a detailed analysis of the contractual basis to compensation events and claims, under the 3rd Edition of the ECC Contract as well as the Subcontract, Professional Services Contract and the other Forms. Suitable for: Construction & Property professionals in particular Project and Contract Managers
Facilities
Location
Start date
Start date
Start date
Start date
About this course
This slightly more advanced course follows on from our 'Getting to grips with NEC' course and is suitable for those who have attended this or similar courses, and already have a basic knowledge of the NEC Contracts
Reviews
Teachers and trainers (5)
Ashley Boon
Associate
Lorne Alway
Mr Lorne Alway LLB (Hons), FRICS, MCIArb, Barrister
Michael Rowlinson
Mr Michael Rowlinson MSc, Dip Arb, MRICS, FCIOB, FCIArb, FInstCES.
Nigel Clayton
Mr Nigel Clayton Dip Arb, FCIArb, MRICS, FinstCES, MAPM
Peter Ormston
Director
Course programme
COURSE BACKGROUND
- This 1 DAY COURSE will provide a detailed insight into the mechanisms for managing and assessing compensation events and claims, including ways in which the ethos of the contract can be used to assist Project Managers, Contractors and Subcontractors. The course will also provide a detailed analysis of the contractual basis to compensation events and claims, under the 3rd Edition of the ECC Contract as well as the Subcontract, Professional Services Contract and the other Forms.
SPEAKERS’ PANEL
The speaker for each course will be from a panel of Lorne Alway, Ryland Ash, Steven Evans, Scott Milner, Peter Ormston and Michael Rowlinson
OVERVIEW
Introduction
- Background and principles
- What is a compensation event?
- What other contractual entitlements apply?
- Common law claims
The compensation events
- The core clauses
- The main options
- The secondary options
- Additional compensation events
- Omissions from the list
Notification of compensation events
- Contractual requirements and limitations
- Notifications: by the Project Manager; by the Contractor, effect of failure to notify or reply
- Conditions precedent
- Deemed acceptance and Project Manager failure
Quotations for compensation events
- Status of quotations, if instructed; if not instructed
- Procedure and timetable; instructions for alternative quotations; Contractor’s alternatives
- Revised quotations
- Project Manager’s assumptions
- Extending time for quotations
- Cost of preparing quotations
- Deemed acceptance and Project Manager failure
Assessment of compensation events
- Cost of work; use of Schedule of Cost Components; use of Shorter Schedule of Cost Components; use of Bills of Quantities; the Contractor’s fee
- Cost of Subcontracted work
- Reduction in prices
- Differences between main options
- Time; delay to completion; content of and reference to the Accepted Programme; time and risk allowances
- Failure to give early warning
- Assessing the effects of ambiguities or inconsistencies
- Project Manager’s assessments
Implementation of compensation events
- Procedure and timing
- Effect of implementation
Practical examples & problems
This course includes practical examples of the management and assessment of compensation events and discussion on problems frequently encountered in notices, quotations and assessments
Additional information
Credits/Points: 6 CPD hours
Students per class: 18
Contact person: Enquiries@constructionstudycentre.co.uk
NEC - Managing & Assessing Compensation Events under NEC3